Godongwana’s medium-term budget statement delayed by a week

Parliament announced that Finance Minister Enoch Godongwana’s Medium-Term Fiscal Policy Statement (MTBPS) for 2021 will be delayed by one week.

It comes after The Treasury sent a request the President of the National Assembly, Nosivie Mapisa-Nqakula, to postpone the MTBPS in order to allow deputies to breathe after the local elections.

Municipal elections are due to take place next Monday, November 1.

MTBPS will now be moved from November 4 to a week later, November 11.

“The new filing date for the Medium-Term Fiscal Policy Statement is Thursday, November 11. The president accepted the request of the Minister of Finance concerning this amendment to the program of the National Assembly ”, spokesperson of the Parliament Moloto Mothapo said in a tweet.

Former finance minister Tito Mboweni did the same last year, asking parliament for a one-week delay.

During the previous MTBPS, which took place in October 2020, Mboweni announced a number of spending cuts following the drastic effects of the Covid-19 pandemic that are continuing in the South African economy.

The MTBPS is a government report providing information on the country’s economic context, budget targets and spending priorities over a three-year period.

Meanwhile, Godongwana’s MTBPS is expected to provide fund allocations to the South African Special Risk Insurance Association (Sasria) of more than R3.9 billion, among others, News24 Previously reported.

READ MORE: Mbalula ‘determined’ to resolve electronic toll deadlock before end of 2021

The state insurer handled claims from companies following violent unrest and looting in July.

The minister is also expected to vote on the controversial Gauteng Highway Improvement Project (GFIP) electronic toll plan, according to Transport Minister Fikile Mbalula.

“We are determined to close this case before the end of the year. We expect the Minister of Finance, when he issues the Medium-Term Fiscal Policy Statement in November 2021, to speak out on electronic tolls. At that point, we believe the Cabinet would have finalized the matter, ”Mbalula said earlier this month.

Dorothy H. Lewis