MEC Maile to table Gauteng medium term budget

What the Gauteng MTBPS Means for You: A Guide to the Upcoming Budget Statement

Residents of Gauteng, mark your calendars! The Gauteng MEC for Finance and Economic Development, Mr. Lebogang Maile, will be presenting the 2024 Medium-Term Budget Policy Statement (MTBPS) on Tuesday, 26 November 2024, at the Gauteng Legislature.

This important event, starting at 10:00 am, outlines the province’s financial plans and priorities for the next few years.

But what exactly is the MTBPS, and why should you care? Let’s break it down.

What Is the MTBPS?

The Medium-Term Budget Policy Statement is a mid-year financial review and planning document. It gives the public a preview of the government’s spending priorities and how it plans to allocate resources to critical sectors like health, education, infrastructure, and economic development.

Delivered annually right after the Finance Minister presents the national budget address, provincial governments are expected to provide a localized account based on the minister’s MTBPS.

Essentially, it’s a roadmap for managing Gauteng’s finances responsibly while addressing current challenges and ensuring sustainable growth.

What Can Gauteng Residents Expect?

MEC Lebogang Maile is expected to highlight:

• A breakdown of how funds will be distributed to various departments and projects.
• Initiatives aimed at job creation, supporting small businesses, and boosting investment in Gauteng.
• Updates on measures to enhance healthcare, education, housing, and public transport services.
• Details on ongoing and new projects to improve roads, utilities, and public facilities.
• Strategies to manage provincial debt and optimize resources efficiently.

Why Is It Important?

The MTBPS directly impacts your community. It determines how much funding will go towards fixing roads, improving schools, or providing housing in your area.

It also gives insight into the province’s economic direction within the current financial year, which affects job opportunities and the overall quality of life.

How to Stay Informed

You can follow the presentation live through Gauteng Provincial Treasury’s social media platforms:

Facebook: Gauteng Provincial Treasury

X (formerly Twitter): @gautengtreasury

Instagram: @GautengTreasury

The event will also use the hashtag #GautengMTBPS2024, so you can join the conversation and share your views online.