Reflections on the 2026 Medium-Term Budget Policy Statement (MTBPS)
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Frontline Africa Advisory
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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…
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