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MTBPS Coming Up Shortly (1200GMT/1400SAST)

SOUTH AFRICA

Finance Minister Enoch Godongwana will deliver his Medium-Term Budget Policy Statement (MTBPS) in parliament at 12:00GMT/14:00SAST.

  • The government is fighting an uphill battle to stabilise public finances as debt servicing costs swell and revenue collection miss forecasts, while the upcoming general elections raises barriers to implementing austerity measures.
  • Godongwana suggested that he would announce "moderate" spending cuts and a "sustainable" increase in borrowing" to plug the existing fiscal hole.

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