No major cuts to government expenditure in MTBPS, says Godongwana
National Treasury’s approach is ‘moderate’ spending cuts and a ‘sustainable’ increase in borrowing.
Medium Term Budget Policy Statement
Crypto transfers: new client information requirements coming for CASPs and intermediaries
The ‘travel rule’ means CASPs and FSPs cannot initiate a crypto asset transfer unless they can transmit prescribed information.
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Important expenses not factored into the medium-term budget
A major concern is the contingent liability guarantees of municipalities and some of the state-owned enterprises.
MTBPS: positive and prudent, but significant risks remain
Investors are likely to see the deficit and debt trajectories as tentative, given the risks that remain unresolved.
What the MTBPS says about NHI expenditure
National Treasury has put National Health Insurance (NHI) on the backburner because of the slow progress in getting the project off the ground. In the Medium Term Budget Policy Statement, Treasury said there […]
What the MTBPS says about NHI expenditure
National Treasury has put National Health Insurance (NHI) on the backburner because of the slow progress in getting the project off the ground. In the Medium Term Budget Policy Statement, Treasury said there […]
Two pots: many complex issues still have to be finalised
A number of complex issues on how the proposed “two pots” retirement system will work in practice still have to be clarified, and fund members who are expecting immediate access to their savings […]
Opinion: Godongwana’s holding the fort on fiscal consolidation pleases the markets
Finance Minister Enoch Godongwana delivered his first Medium Term Budget Policy Statement (MTBPS) on 11 November. Unlike policy statements of the recent past, the market was primed for positive surprises. After all, monthly […]
