Finance Minister Enoch Godongwana delivered the Medium Term Budget Policy Statement (MTBPS) on 1 November. Per tradition, the MTBPS did not include explicit changes to policy but provided an update on how government finances are faring relative to the February 2023 budget and guidance in terms of any action Treasury plans take in February 2024. Prior to the speech, economists were predicting a step-change from the minister as high frequency data had suggested that revenue failed to meet governments February targets and a weaker rand and higher interest rates had a substantial negative impact on intertest expenditure.
The economic impact of the Mid-Term Budget Speech 2023 (FNB)
The impact of the Mid-Term Budget Speech 2023 on Markets (FNB)
How the Mid-Term Budget Speech 2023 will affect your pocket (FNB)
