2025 Medium-Term Budget Policy Statement by Minister of Finance Mr Enoch Godongwana

2025 MEDIUM-TERM BUDGET POLICY STATEMENT BY MINISTER OF FINANCE MR ENOCH GODONGWANA

The Minister of Finance, Mr Enoch Godongwana, will deliver the Medium-Term Budget Policy Statement (MTBPS) to the Members of the National Assembly (NA) at the Good Hope Chamber in Parliament on Wednesday, 12 November, at 14h00.

The MTBPS plays a critical role in the overall budget process, as it sets out the policy framework for the budget that is presented every February. It also provides the country and its elected representatives with an update on National Treasury’s economic forecasts, adjusts the budgets of government department and makes emergency changes to spending.

The MTBPS makes it possible for Parliament and the public to interact with the government's budget through committee oversight over government departments, when committees review the effective and efficient use of available resources. The process is known as the Budget Review and Recommendations Reports, which must be tabled in the National Assembly before the MTBPS reports are adopted.

At the same NA sitting, the Minister is also scheduled to table the Adjustments Appropriation Bill, the Rates and Monetary Amounts and Amendment of Revenue Laws Bill, the Taxation Laws Amendment Bill, the Division of Revenue Amendment Bill and the Tax Administration Laws Amendment Bill.
Members of the Media, including photographers who wish to be at the Good Hope Chamber to cover the MTBPS session should register for accreditation on the following link: https://forms.office.com/r/9Da5Dzz3mJ before 16:00 on Friday, 7 November 2025. Media wishing to broadcast from Parliament’s precinct should also provide details of vehicles (make, registration) and equipment they wish to bring onto the precinct and time of arrival.

For information about accreditation to the lock-up briefing that precedes the delivery of the MTPBS to the Members of the National Assembly, please contact National Treasury official Ntsakisi Ramunasi on: media@treasury.gov.za

Members of the public may get involved and follow parliamentary sittings live on Parliament TV (DSTV Channel 408), on Parliament’s YouTube channel and on Parliament’s Twitter page on the links below. You may also subscribe to the Parliament YouTube channel to receive instant notification of live feeds.

Twitter: https://twitter.com/ParliamentofRSA
Facebook: https://facebook.com/ParliamentofRSA
YouTube: https://www.youtube.com/ParliamentofRSA

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