Finance Minister Enoch Godongwana presented the 2024 Medium-Term Budget Policy Statement to Parliament this past week. The MTBPS is a critical element in the overall budget process, as it sets out the policy framework for the budget presented every February. Photographer: Armand Hough / Independent NewspapersThis past week South Africa’s Minister of Finance Enoch Godongwana delivered the 2024 Medium Budget Policy Statement to update on the nation’s finances.
Reshni Singh, the CEO at BPESA, told Business Report that the primary theme around the MTBPS was focused on boosting economic recovery, growth and job creation, by targeting key areas such as macroeconomic stability, further boosting structural reforms and public infrastructure investment. Meanwhile, Brina Biggs, a senior manager at Budget Insurance, said the MTBPS outlined significant measures aimed at improving the lives of everyday South Africans and fostering a conducive environment for businesses to thrive.
Biggs further added, “The 2024 budget is designed to foster economic stability, support citizens, and create a thriving environment for businesses. What could have been a rocky 2024, shows instead stability and increased business confidence showing how together, we can ensure a prosperous future for all South Africans and literally budget away bad expensive days.”
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