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Cape Town – Finance Minister Pravin Gordhan has a mammoth task ahead of this year’s mini-budget speech as he’ll have to find a balancing act between competing priorities, such as finding money to fund free tertiary education, while allocating enough money for basic services and necessary infrastructure maintenance.
He therefore invites South African public to give input and suggestions ahead of this year’s Medium Term Budget Policy Statement (MTBPS), which he will deliver on Wednesday 26 October 2016.
In a statement, National Treasury said this year’s mini-budget would be presented against the backdrop of a sluggish economy, the looming threat of a credit ratings downgrade by independent rating agencies, the Fees Must Fall-protests at universities and uncertainty in the global economy.
READ: #FeesMustFall: Telling infographic shows SA's grim situation
Gordhan wants to hear South Africans’ views on particularly:
- funding of free education for tertiary education students;
- how inclusive growth can be accomplished;
- how business, government, labour unions and civil society can collaborate to achieve the country’s economic objectives.
The Medium Term Budget Policy Statement (MTBPS) outlines the economic context in which the following year’s national budget will be presented and identifies spending priorities over the three-year expenditure period.
Those with comments or suggestions can share their thoughts by arranging to give oral presentations to National Treasury, through Facebook by typing in National Treasury South Africa, visiting National Treasury’s website under the section “MTBPS 2016 TIPS” or on Twitter via the Twitter handle #MTBPS2016 or follow @TreasuryRSA.
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