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#MTBPS2018 What should we expect from Mboweni's mid term budget speech?

24 October 2018 7:54 AM
Tags:
Tito Mboweni
Finance
mid-term budget

Experts say it is unlikely Mboweni will introduce any major policy changes.

After just two weeks as finance minister, Tito Mboweni faces his first major hurdle delivering the mid term budget speech on Wednesday.

Already faced with the challenge of having very little money to spare, now it is up to him to find ways to shift the cash around.

READ: Here is what Agri SA and Cosatu expect from Mboweni's #MTBPS2018

Most importantly he needs to reassure investors, rating companies and taxpayers that he has the budget deficit under control.

Head of Research at ETM Analytics, George Glynos, says the medium-term budget is more of a 'report back' session and a transparency communication tool than it is necessarily a policy implementation tool.

So one needs to keep a healthy and realistic perspective as to what this is all about today, that being said, he is quite a charismatic fellow and I will be looking for a couple of things out of this.

George Glynos, Head of Research at ETM Analytics

I want to know that he is treating this job, not as a popularity contest, he needs to use his charisma to convince those in government for the need to balance the fiscus.

George Glynos, Head of Research at ETM Analytics

He adds that he would like the budget to show a need to prioritise the need to live within the country's means.

Listen below to the full interview:


24 October 2018 7:54 AM
Tags:
Tito Mboweni
Finance
mid-term budget

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