MTBPS Programme
The Medium Term Budget Policy Statement (MTBPS) is a document that communicates the MTEF. It is presented to Parliament in October each year. Usually, the MTBPS document begins with a summary of the medium-term economic outlook. It then outlines fiscal policy proposals, which are followed by sectoral allocations. The MTBPS also includes information on: • Spending estimates for the first half of that particular year • Any adjustments to the proposed revenue and spending estimates for the second half of the current year • Outcomes for the previous year
Source: Parliament of the Republic of South Africa