Medium-term budget confirmed for October 30

22nd October 2019 By: Reuters

Medium-term budget confirmed for October 30

Finance Minister Tito Mboweni
Photo by: Reuters

South Africa's medium-term budget will be presented to lawmakers on October 30, the National Treasury said on Monday.

"The Medium-Term Budget Policy Statement (MTBPS) will be tabled on Wednesday, 30 October 2019 after the availability of all principals who need to attend the tabling was confirmed," said the Treasury in a statement.

On Thursday, Finance Minister Tito Mboweni had said the budget, which covers fiscal planning for the coming three years, could be presented a day earlier than scheduled to accommodate President Cyril Ramaphosa's travel plans.