Supplementary Budget 2020

Mini budget date won't shift again after all, says Treasury

Finance minister Tito Mboweni at the Banking Summit. Photo: The Banking Association of SA.
Finance minister Tito Mboweni at the Banking Summit. Photo: The Banking Association of SA.

The medium-term budget policy statement, or mini-budget, will go ahead on Wednesday October 30, Treasury has confirmed. 

This follows a warning from Finance Minister Tito Mboweni that the mini-budget may have to shift to October 29 - having already shifted to October 30 from the previous week - to accommodate President Cyril Ramaphosa's schedule. 

In a statement issued on Monday afternoon, the department of finance said: "The Medium Term Budget Policy Statement will be tabled on Wednesday, Octoebr 30, 2019 after the availability of all principals who need to attend the tabling was confirmed." 

The mini-budget would play a "critical role" in overall budget process, the statement added. 

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