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#MTBPS2025 in a nutshell: Upbeat tone | SA News

The South African government’s overall budget deficit is forecast to improve from 4.5% of GDP currently, narrowing to 2.7% by 2028/29 – a level last achieved in 2008/09.

Finance Minister Enoch Godongwana highlighted this in tabling the 2025 Mid-Term Budget Policy Statement (MTBPS) in Cape Town on Wednesday.

Read: Godongwana’s mini budget will get a commodity windfall tax boost

He presented a more upbeat budget and fiscal position, especially considering the main budget chaos in February, which was postponed for the first time post-1994 and saw SA having three budget days, with the final budget approved in May.

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