STATEMENT | MTBPS 2025: Turning a corner, walking towards a dead end

MTBPS 2025: Turning a corner, walking towards a dead end

The 2025 Medium Term Budget Policy Statement (MTBPS) suggests South Africa is “turning a corner,” yet the Institute for Economic Justice (IEJ) warns we may be heading towards a dead end. Debt stabilisation comes at the cost of underinvestment in public services, limited support for employment, and policies that favour elites over the majority.