[WATCH] THE ANC WELCOMES THE MEDIUM TERM BUDGET POLICY STATEMENT: A PEOPLE FIRST BUDGET
The budget breakdown as presented by the minister tells us that 10 Billion has been handed back to the people at the fuel pumps, R3,00 off the diesel levy a litre, from the 4th of November, 10% of government spending to Local Government, a first, 18,1 Million people paid a grant every month and every grant is protected, it tells us that 60 cents of every rand spent goes to the poor and the working class and it tells us that 207 Billion will go in the infrastructure pipeline such as water, roads, clinics.
The African National Congress welcomes the 2026 Medium-Term Budget Policy Statement, supports it without hesitation, and will carry its promises to the people. In a hard year the Minister has done the thing a budget does not always manage to do: he has reached into the pocket of the working family and left a little more there.
Ten billion rand is handed back at the fuel pump in the busiest travelling weeks of the year; every grant is protected and the social wage is grown; the share of government spending that goes to the place where people live is lifted to a tenth for the first time; and the nation’s debt stops climbing for the first time in nearly two decades. The pump, the plate, the pension, and the place you live that is what this budget speaks to.
speak today in the name of the African National Congress, and I speak to the people of South Africa to the worker and the pensioner, to the mother in the queue at the clinic, to the young person looking for a first job, to the taxi driver and the small trader, and to every household that counts each rand to the end of the month. Today the Minister of Finance, Comrade Enoch Godongwana, tabled the Medium-Term Budget Policy Statement what our people call the mini-budget, the mid-year account of how government is managing the nation's money. The African National Congress welcomes it, supports it without hesitation, and will carry its promises to the people.
Let me say plainly what this budget is. It is a People First budget. It puts the needs of the ordinary person before the comfort of the few, and in a hard year it does the thing a budget does not always manage to do — it reaches into the pocket of the working family and leaves a little more there.
#MTBPS2026