Tito Mboweni

Finance Minister Tito Mboweni will present the medium-term budget policy statement on Wednesday.

Mboweni had asked South Africans to tell him what they wanted to hear in the mini budget.

The minister was appointed to his job earlier this month and is under pressure, with the South African economy currently in a technical recession.

This budget statement is expected to provide clarity on how government proposes to reprioritise scarce funds, stimulate economic growth and create jobs.

Tito Mboweni

eNCA spoke to economist Sam Rolland from Econometrix, to take a look at some of the tips for the finance minister
Most importantly he needs to reassure investors, rating companies and taxpayers that he has the budget deficit under control.

Head of Research at ETM Analytics, George Glynos, says the medium-term budget is more of a ‘report back’ session and a transparency communication tool than it is necessarily a policy implementation tool.

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Source: eNCA