n New Agenda: South African Journal of Social and Economic Policy - A note on the Medium-Term Budget Policy Statement - economic crisis

Volume 2019 Number 75
  • ISSN : 1607-2820


In late October 2019, the South African Finance Minister, Tito Mboweni, gave his medium-term budget policy statement (MTBPS). Significant attention was paid to this particular MTBPS given the severity of the economic problems facing the country, particularly rising debt levels and the crisis at Eskom. There is little disagreement across the ideological spectrum that the situation is dire, and that major action needs to be taken. However, there are serious divergences in identifying the root of the problem and, thus, the subsequent solutions.

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