Waiting for final economic recovery plan
The MTBPS plays a critical role in the overall budget process, as it sets out the policy framework for the upcoming Budget and provides the country an update on the National Treasury’s assessment of the current economic climate and outlook.
As a statement of government policy, the MTBPS will assess and explain the trade-offs and choices that must be made to ensure a stable, balanced and sustainable economic growth.
Top among Mboweni’s priorities would be presenting his final economic recovery plan and announce further steps to bail out financially distressed state-owned enterprises, especially Eskom.
Eskom’s spiralling debt has been cited as the biggest threat to economic stability and credit rating status, thus the government has proposed to unbundle the power utility into three units to immediately halt its financial and operational collapse.
Source: iol.co.za
