Parties expect MTBPS to address cost of living crisis
Finance Minister Enoch Godongwana will table his MTBPS speech on Wednesday afternoon.
Political parties anticipate the Medium-Term Budget Policy Statement (MTBPS) will address South Africa's cost of living crisis. Finance Minister Enoch Godongwana will present his speech on Wednesday. Rise Mzansi, a party, expects the MTBPS to provide relief from the soaring costs of living, anticipating a tax windfall exceeding R54 billion.
Another party, the African Christian Democratic Party (ACDP), expects a tax windfall of up to R50 billion to aid economic recovery and job creation amidst high unemployment and crime. The ACDP also seeks a clear path towards stabilizing debt and reducing debt service costs. The Inkatha Freedom Party (IFP) hopes for a balanced MTBPS that considers economic growth, social needs, and unemployment challenges, including funds for combating gender-based violence.
Written by urgent.news from SABC News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
