Economic development at heart of budget, says Godongwana:
While the National Treasury had to scale back funds it hoped to allocate to various programmes in this ...
timeslive.co.za/sunday-times/business/business/2025-05-25-economic-development-at-heart-of-budget-says-godongwana/
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Key FactsGodongwana Projects Positive Budget Outlook for South Africa
Nov 13, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: mg.co.za
Summary created with AI assistance · Source: mg.co.za
- Finance Minister Godongwana expects revenue to exceed projections by R19.7 billion in 2025.
- The inflation target has been lowered to 3% with a 1% tolerance band, set to be implemented over two years.
- Government debt is predicted to stabilize at 77.9% of GDP, with a primary budget surplus of R68.5 billion this year.
- Illicit trade in cigarettes and alcohol is identified as a significant threat to the economy.
As we table this policy statement, we have reason to be optimistic about the future of our country.— Finance Minister Enoch Godongwana, while presenting his medium-term budget policy statement in Parliament.
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