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Much ado about money: 6 things to look out for in Mboweni's medium-term budget

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Minister of Finance, Tito Mboweni (Photo by Gallo Images/Ziyaad Douglas)
Minister of Finance, Tito Mboweni (Photo by Gallo Images/Ziyaad Douglas)
Gallo Images/Ziyaad Douglas

Finance Minister Tito Mboweni will on Wednesday table the medium-term budget policy statement, said to be one of the most important as it will be announced within the context of a global pandemic which has ravaged the economy. Mboweni has warned that difficult decisions must to be taken to avoid a fiscal crisis.

The medium-term budget policy statement or mini budget as it is colloquially known, which is normally held on 21 October, was postponed to 28 October in light of President Cyril Ramaphosa's economic recovery plan announced earlier this month. The finalisation of the plan had a bearing on the mini budget, Fin24 previously reported.

The mini budget will lay out government's priorities for the next three years and set the scene for the main budget in February next year. From the public sector wage bill, to escalating debt levels and troubled state-owned enterprises, here are six hot topics to watch:

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