CAPE TOWN - The African Christian Democratic Party says it expects Finance Minister Enoch Godongwana to deliver a medium-term budget policy statement on Wednesday afternoon that will be pleasing to the markets, in view of the positive sentiment generated by the Government of National Unity .
Although not part of the GNU, the ACDP said it had noticed improvements since the new government took over, including stabilising the country’s electricity grid, a major impediment to economic growth. "We expect that the minister will announce a market-friendly medium-term budget policy statement, which will largely stick to the fiscal consolidation path to stabilise government debt levels, yet announcing further steps to stimulate economic growth, revenue collection and job creation, such as expanding infrastructure spending over the medium term."