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The medium-term budget, delivered four months before the main budget in February, outlines government's spending plans over the next three years, and includes projections for the rate of economic growth and the status of public finances. Ministers also use it as an indicator of what can be expected in the main Budget. It does not generally include announcements on new taxes, and none were announced on Wednesday.

 

Mboweni's medium-term budget in a nutshell

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