Finance Minister Enoch Godongwana is expected to steer away from major tax changes when he presents the Medium Term Budget Policy Statement on Wednesday, 12 November 2025.
The Medium Term Budget Policy Statement outlines government priorities , economic forecasts, and updated spending and revenue projections for the next three years.
The minister will provide critical updates on revenue and expenditure, with economists saying current data point to a wider-than-budgeted fiscal deficit for the 2025/26 year so far.