MTBPS 2026: Medium-Term Budget Policy Statement — Full Speech
On Wednesday, 21 October, Finance Minister Enoch Godongwana laid out the government’s progress in implementing his Budget 2026.
Finance Minister Enoch Godongwana presented the government's Medium-Term Budget Policy Statement for 2026 during a speech on Wednesday, 21 October. The statement marks three significant milestones in South African history: the Women's March of 1956, the Youth Uprising of 1976, and the adoption of the Constitution in 1996. These milestones remind South Africans that political freedom must be matched by economic progress.
The Budget Policy Statement is part of the government's task to move from fiscal fragility towards stable, credible, and sustainable public finances. Debt as a percentage of GDP is falling, creating a stronger foundation for investment, growth, and job creation.
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