Department of Finance - Medium Term Budget Policy Statement 2024/25

Summary

The provided text is a Medium Term Budget Policy Statement (MTBPS) delivered by Deidr Baartman, the Minister of Finance for the Western Cape Provincial Parliament, on 26 November 2024. This statement outlines the Western Cape Government's fiscal strategy and priorities for the 2024/25 financial year and the medium term. It addresses the economic outlook, both global and national, and details the province's response to financial challenges, particularly those stemming from national budget cuts and increasing service delivery demands. The statement further presents the Adjustments Budget, specifying allocations for key areas like infrastructure, disaster response, job creation, safety, and essential services such as health and education, all while aiming for fiscal sustainability and resilience.