B2B Central

Medium Term Budget Policy Statement

26 Oct 2016

Government’s major explicit contingent liabilities are its guarantees

By Janice Roberts

Government’s major explicit contingent liabilities are its guarantees, which stood at R469.9 billion at the end of 2015/16, according to the Fiscal Risk Statement that was released as part of the Medium Term Budget Policy Statement (MTBPS) today.
26 Oct 2016

Health-sector budgets under pressure - MTBPS

By Janice Roberts

Health-sector budgets are under pressure due to compensation costs, rising utilisation of public health services, higher import prices of medicines as a result of currency depreciation, and sector priorities that require additional funding.
26 Oct 2016

New plan to give learners second chance to write matric

By Janice Roberts

Over the medium-term expenditure framework (MTEF) period, government will roll out the Second Chance Matric Programme. This is according to the Medium Term Budget Policy Statement (MTBPS), released by the National Treasury today.
26 Oct 2016

Additional R17.6bn allocated to post-school education in 2017 Budget

By Janice Roberts

Government proposes an additional R17.6 billion to post-school education and training in the 2017 Budget. This is according to the Medium Term Budget Policy Statement (MTBPS), released by the National Treasury today.
26 Oct 2016

State-owned companies may pose risk to public finances

By Janice Roberts

Several state-owned companies could pose risks to the public finances, according to the Medium Term Budget Policy Statement (MTBPS), released by the National Treasury today.
26 Oct 2016

Consolidation measures may dampen economic activity - MTBPS

By Janice Roberts

The consolidation measures proposed in the Medium Term Budget Policy Statement (MTBPS), released by the National Treasury today, “are likely to have some dampening effect on economic activity. But over the medium term, a further loss of confidence and a ratings downgrade – which could prompt higher interest rates and large capital outflows – remain greater...
26 Oct 2016

Revenue to fall short of 2016 Budget projections - MTBPS

By Janice Roberts

Gross tax revenue is projected to fall short of 2016 Budget projections by R23 billion in the current year, R36 billion in 2017/18, and R52 billion in 2018/19. This is according to the Medium Term Budget Policy Statement (MTBPS), released by the National Treasury today.
26 Oct 2016

Budget deficit for 2016/17 seen at 3.4 percent of GDP

By Janice Roberts

The consolidated budget deficit for 2016/17 is projected at 3.4 percent of GDP, marginally higher than the 2016 Budget estimate of 3.2 percent.  This is according to the Medium Term Budget Policy Statement (MTBPS), released by National Treasury today.
26 Oct 2016

Gordhan mum on fraud charges

By Janice Roberts

Finance Minister Pravin Gordhan would not – on Thursday morning – discuss the fraud charges laid against him, which he has dismissed as being politically motivated.  Speaking to journalists before he presented the Medium Term Budget Policy Statement (MTBPS) in parliament, Gordhan said: “Let’s recognise that today we have the MTBPS. When we get to...
26 Oct 2016

GDP revised down: MTBPS

By Janice Roberts

Domestic GDP growth for 2016, forecast at 0.9 percent at the time of the 2016 Budget, has been revised down to 0.5 percent, according to the Medium Term Budget Policy Statement (MTBPS), released by the National Treasury today.
22 Oct 2015

MTBPS – Comment: SA’s finances ‘in good hands’

By Janice Roberts

The Medium Term Budget Policy Statement that Finance Minister Nene delivered in Parliament on Wednesday, held promise that SA’s finances are “in good hands”. This is according to the President of the South African chamber of Commerce and Industry (SACCI), Vusi Khumalo. SACCI welcomed: The recognition that the energy constraints being experienced and the structural...
21 Oct 2015

MTBPS - NHI and financial sector reform

By Janice Roberts

In his Medium Term Budget Policy Statement (MTBPS) speech to parliament, Finance Minister Nhlanhla Nene mentioned both National Health Insurance (NHI) as well as financial sector reform. NHI Nene said under Minister of Health Aaron Motsoaledi’s guidance, NHI will be phased in, “drawing on the lessons of the district pilot projects.” NHI is intended to...