What to watch for in this year's medium-term budget policy statement

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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

The medium-term budget policy statement, to be tabled in two weeks, may very well be the most "crucial" one in South Africa's history.

The South African economy is said to be experiencing its worst recession in 90 years and the government has had to borrow money from the International Monetary Fund and the New Development Bank to support its Covid-19 response.

The fiscus, already stretched because of Covid-19, also has to deal with pressures from state-owned enterprises requiring more funding.

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