Cove Advisory, a NAACAM Associate Member, has made available commentary on the medium-term budget policy statement 2020 which was presented by the Minister of Finance, Tito Mboweni on October 28, 2020.
The medium-term budget policy statement (MTBPS) sets out the policy framework for the main budget (presented in February each year), updates National Treasury’s economic projections, adjusts the budgets of government departments and makes emergency changes to spending.
The Medium-Term Budget Policy Statement (MTBPS) afﬁrmed the principles established through the supplementary budget and supports the implementation of the Economic Reconstruction and Recovery Plan launched by President Cyril Ramaphosa on 15 October. Read the full commentary here: Cova Advisory Commentary on the Medium-Term Budget Nov 2020 (PDF version)
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