Cape Town | Tuesday
FINANCE Minister Trevor Manuel will unveil the Treasury’s three-year spending plans on Tuesday in his Medium Term Budget Policy Statement (MTBPS).
It is expected to include lower economic growth forecasts, and a new set of inflation targets for post 2002.
The SA Revenue Service (Sars) is tipped to again outstrip its tax collection targets, which could pave the way for further tax cuts in the 2002/03 Budget.
The MTBPS will show government’s hand on spending priorities for the next three years, and include new macro-economic projections and spending trends for both national and provincial government.
It will also show a revised fiscal framework — setting out levels of taxation, public spending and borrowing — and the impact of current spending on service delivery. – Sapa