n FarmBiz - Minister Gordhan's medium-term budget policy statement : Agbiz responds - : agribusiness update

Volume 2, Issue 12
  • ISSN : 2410-5635


Rarely has a medium-term budget policy statement (MTBPS) generated as much interest as the one of 26 October 2016 - and rightly so. Amid continued sluggish and deteriorating economic growth, and increased demands on the fiscus for 'free' higher education, drought and other support for the agricultural sector, social welfare, a nuclear power programme and more, finance minister, Pravin Gordhan, and the National Treasury have had a challenging task balancing expenditure with lagging tax revenue.

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