Reflections on the 2026 Medium-Term Budget Policy Statement (MTBPS)
From fiscal stabilisation to economic delivery The 2026 Medium-Term Budget Policy Statement (MTBPS), delivered on 21 October, presented a cautiously positive assessment of South Africa’s public finances, but a more sobering picture of the country’s growth prospects and state capacity. While fiscal consolidation is gaining traction, the challenge is to translate greater fiscal credibility into stronger economic growth, employment, investment…
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