October 22, 2019 / 7:51 AM / in 8 months

South African medium-term budget confirmed for Oct. 30

Tito Mboweni, South African Finance Minister, looks on during the official opening of the World Economic Forum on Africa in Cape Town, South Africa September 5, 2019. REUTERS/Sumaya Hisham

JOHANNESBURG (Reuters) - South Africa’s medium-term budget will be presented to lawmakers on Oct. 30, the National Treasury said on Monday.

“The Medium-Term Budget Policy Statement (MTBPS) will be tabled on Wednesday, 30 October 2019 after the availability of all principals who need to attend the tabling was confirmed,” said the Treasury in a statement.

On Thursday, Finance Minister Tito Mboweni had said the budget, which covers fiscal planning for the coming three years, could be presented a day earlier than scheduled to accommodate President Cyril Ramaphosa’s travel plans.

Reporting by Mfuneko Toyana; Editing by Kirsten Donovan

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