Ten priorities for the 2022 Medium-Term Budget Policy Statement (MTBPS)

A Policy Statement from the IEJ unpacking what should be included in Finance Minister Enoch Godongwana’s 2022 Medium-Term Budget Policy Statement (MTBPS) on 26 October 2022.

The ten priorities are:

  1. Shift the fiscal framework to tackle unemployment, poverty, and inequality;
  2. Protect public services;
  3. Improve the SRD grant as a step towards the implementation of a UBIG;
  4. Ensure that other grants are not hollowed out by inflation;
  5. Utilise recent windfall taxes and promote an equitable tax structure to mobilise the maximum available resources;
  6. Invest in social infrastructure and the care economy;
  7. Invest in economic infrastructure;
  8. Address the energy and climate crisis through a just energy transition;
  9. Increase funding to industrial policy sector-specific master plans; and
  10. Increase and improve processes for meaningful budget participation and transparency