{"id":92742,"date":"2025-11-11T18:33:12","date_gmt":"2025-11-11T18:33:12","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement"},"modified":"2025-11-11T18:54:57","modified_gmt":"2025-11-11T18:54:57","slug":"expectations-for-the-2025-medium-term-budget-policy-statement","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement","title":{"rendered":"Expectations for the 2025 Medium-Term Budget Policy Statement"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Africa. <\/strong><\/span>Stephen Grootes speaks to Sanisha Packirisamy- Chief Economist at Momentum Investments about what to expect from this week\u2019s Medium-Term Budget Policy Statement.<\/p>\n<p>Finance Minister Enoch Godongwana will deliver the Medium-Term Budget Policy Statement (MTBPS) in Parliament on Wednesday, outlining updated revenue and expenditure projections and allocating additional funds to key areas where needed.<\/p>\n<p>This year\u2019s midterm budget comes later than usual, following delays to the main budget earlier in the year due to legal challenges over the proposed VAT increase.<\/p>\n<p>The MTBPS is expected to reflect lessons learned from that process while providing a clearer picture of government\u2019s fiscal position for the remainder of the year.<\/p>\n<p>Alongside the MTBPS, Godongwana will also table the Adjustments Appropriation Bill and several tax-related bills, setting the stage for Parliament\u2019s consideration of revised spending priorities and fiscal measures aimed at stabilising South Africa\u2019s public finances.<\/p>\n<p>Speaking to Stephen Grootes on The Money Show, Sanisha Packirisamy, Chief Economist at Momentum Investments says there is an expectation that Godongwana will formally announce a readjusted inflation target of 3%.<\/p>\n<p>&#8220;I think the market is very much in a toss up about whether or not we&#8217;re going to get that formal announcement being made. But I think if you look at where fixed income markets have moved, they&#8217;ve basically already priced in that the SARB is implicitly targeting the bottom end of the 3-6% target range,&#8221;says Packirisamy.<\/p>\n<p>&#8220;If we see that National Treasury has inflation numbers that are closer to the current mid-point inflation target range further out in their economic forecast, it could imply that their revenue assumptions are based on an over estimation of inflation, and that will concern markets,&#8221; added Packirisamy.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">South-Africa<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. Stephen Grootes speaks to Sanisha Packirisamy- Chief Economist at Momentum Investments about what to expect from this week\u2019s Medium-Term Budget Policy Statement. Finance Minister Enoch Godongwana will deliver the Medium-Term Budget Policy Statement (MTBPS) in Parliament on Wednesday, outlining updated revenue and expenditure projections and allocating additional funds to key areas where [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":92741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[275],"class_list":["post-92742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Expectations for the 2025 Medium-Term Budget Policy Statement - South Africa<\/title>\n<meta name=\"description\" content=\"Stephen Grootes speaks to Sanisha Packirisamy- Chief Economist at Momentum Investments about what to expect from this we ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Expectations for the 2025 Medium-Term Budget Policy Statement\" \/>\n<meta property=\"og:description\" content=\"Stephen Grootes speaks to Sanisha Packirisamy- Chief Economist at Momentum Investments about what to expect from this we ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-11T18:33:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-11T18:54:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/11\/sm_1762874574.607375.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Expectations for the 2025 Medium-Term Budget Policy Statement\",\"datePublished\":\"2025-11-11T18:33:12+00:00\",\"dateModified\":\"2025-11-11T18:54:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement\"},\"wordCount\":302,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/11\/sm_1762874574.607375.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement\",\"name\":\"Expectations for the 2025 Medium-Term Budget Policy Statement - South Africa\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/11\/sm_1762874574.607375.jpg\",\"datePublished\":\"2025-11-11T18:33:12+00:00\",\"dateModified\":\"2025-11-11T18:54:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Stephen Grootes speaks to Sanisha Packirisamy- Chief Economist at Momentum Investments about what to expect from this we ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/11\/sm_1762874574.607375.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/11\/sm_1762874574.607375.jpg\",\"width\":1200,\"height\":630,\"caption\":\"Expectations for the 2025 Medium-Term Budget Policy Statement\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/south-africa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Expectations for the 2025 Medium-Term Budget Policy Statement\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#website\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/\",\"name\":\"South Africa\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/south-africa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Expectations for the 2025 Medium-Term Budget Policy Statement - South Africa","description":"Stephen Grootes speaks to Sanisha Packirisamy- Chief Economist at Momentum Investments about what to expect from this we ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement","og_locale":"en_US","og_type":"article","og_title":"Expectations for the 2025 Medium-Term Budget Policy Statement","og_description":"Stephen Grootes speaks to Sanisha Packirisamy- Chief Economist at Momentum Investments about what to expect from this we ...","og_url":"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement","og_site_name":"South Africa","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2025-11-11T18:33:12+00:00","article_modified_time":"2025-11-11T18:54:57+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/11\/sm_1762874574.607375.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Expectations for the 2025 Medium-Term Budget Policy Statement","datePublished":"2025-11-11T18:33:12+00:00","dateModified":"2025-11-11T18:54:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement"},"wordCount":302,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/11\/sm_1762874574.607375.jpg","keywords":["South-Africa"],"articleSection":["all news","policy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement","url":"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement","name":"Expectations for the 2025 Medium-Term Budget Policy Statement - South Africa","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-africa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/11\/sm_1762874574.607375.jpg","datePublished":"2025-11-11T18:33:12+00:00","dateModified":"2025-11-11T18:54:57+00:00","author":{"@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Stephen Grootes speaks to Sanisha Packirisamy- Chief Economist at Momentum Investments about what to expect from this we ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement#primaryimage","url":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/11\/sm_1762874574.607375.jpg","contentUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/11\/sm_1762874574.607375.jpg","width":1200,"height":630,"caption":"Expectations for the 2025 Medium-Term Budget Policy Statement"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/expectations-for-the-2025-medium-term-budget-policy-statement#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/south-africa\/"},{"@type":"ListItem","position":2,"name":"Expectations for the 2025 Medium-Term Budget Policy Statement"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/south-africa\/#website","url":"https:\/\/www.africa-press.net\/south-africa\/","name":"South Africa","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/south-africa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/92742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/comments?post=92742"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/92742\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/media\/92741"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/media?parent=92742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/categories?post=92742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/tags?post=92742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}