Preview of the 2024 Medium-Term budget policy statement.
Loading player...
GUEST – Johann Els, Group Chief Economist at Old Mutual
As South Africa awaits the 2024 Medium-Term Budget Policy Statement (MTBPS), there is cautious optimism about the country's economic trajectory. The recent shifts in fiscal strategy, driven by ongoing reforms and an improved political landscape, signal that we are edging closer to a new phase of stability and growth. This year, the MTBPS comes amidst decreasing inflation, still high but gradually lower interest rates and a strengthened Rand. According to Johann Els, Group Chief Economist at Old Mutual, the MTBPS is expected to showcase continued fiscal consolidation efforts and policy reforms aimed at narrowing the budget deficit and stabilising the debt ratio over the coming years.
As South Africa awaits the 2024 Medium-Term Budget Policy Statement (MTBPS), there is cautious optimism about the country's economic trajectory. The recent shifts in fiscal strategy, driven by ongoing reforms and an improved political landscape, signal that we are edging closer to a new phase of stability and growth. This year, the MTBPS comes amidst decreasing inflation, still high but gradually lower interest rates and a strengthened Rand. According to Johann Els, Group Chief Economist at Old Mutual, the MTBPS is expected to showcase continued fiscal consolidation efforts and policy reforms aimed at narrowing the budget deficit and stabilising the debt ratio over the coming years.
