This year’s Medium Term Budget Policy Statement (MTBPS) will be tabled in Parliament by Finance Minister Enoch Godongwana on the 12th of November.

The National Assembly will consider and adopt it on the 13th of January next year.

Parliament says this year’s consideration of the MTBPS is the direct knock-on effect of the national budget that was tabled later than usual.

Video | MTBPS will be presented on 12 Nov:

This year’s national budget was passed by the National Assembly after Godongwana tabled it for a third time.

It’s tabling in February was postponed after disagreements in the Cabinet due to a proposal of two percentage point value-added tax (VAT) increase.

There was also a court challenge by the Democratic Alliance (DA) and Economic Freedom Fighters (EFF) of the 0.5 percentage point VAT hike that was approved by the National Assembly.

In the end Godongwana tabled a budget that maintained VAT at 15 percent, and it was passed by Parliament.

Related video | 3rd attempt to pass SA’s National Budget: