IN FULL | Enoch Godongwana’s medium-term budget policy statement :
The finance minister tabled the MTBPS in parliament on Wednesday
timeslive.co.za/politics/2025-11-12-in-full-enoch-godongwanas-medium-term-budget-policy-statement/
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EWN Nov 12 25
FULL SPEECH | 2025 Medium-term budget policy statement : Minister of Finance - Enoch Godongwana
ewn.co.za/2025/11/12/full-speech-2025-medium-term-budget-policy-statement
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IN FULL | Enoch Godongwana’s medium-term budget policy statement : The finance minister tabled the MTBPS in parliament on Wednesday
timeslive.co.za/politics/2025-11-12-in-full-enoch-godongwanas-medium-term-budget-policy-statement/
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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.
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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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