On Tuesday, National Assembly Speaker Thandi Modise received a request from Finance Minister Tito Mboweni for the postponement of the tabling of the medium-term budget policy statement until Wednesday, October 28. It is scheduled for Wednesday, October 21.
Mboweni highlighted the recent complex decisions taken by Cabinet in respect of the 2020/21 adjusted estimates; the 2021 medium-term expenditure framework; and the implications of the time frames for the finalisation of government’s economic reconstruction and recovery plan on the budget process as reasons that necessitated the proposed rescheduling.
The National Treasury statement adds that Mboweni requested taking into consideration the “complex and unusual circumstances visited upon us by the Covid-19 pandemic”.
“This includes the tabling of a supplementary budget in June 2020. The ministry of finance and the National Treasury have had to adjust the approach and consultation of the budgetary process,” reads the statement.
It adds: “The government is determined to maintain a prudent fiscal stance which is in the best interest of the country in the medium and long term. The 2020 medium-term budget policy statement will reflect this position.”