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BUDGET: Godongwana reveals strategy to lift economy to a higher and inclusive growth path

# Finance minister Enoch Godongwana says economic growth of 1.8-percent is forecast over the medium term. In his medium term budget policy statement presented in the National Assembly, he downgraded the growth forecast for 2024 to 1.1-percent, from 1.3-percent in February. Godongwana says the policy statement outlines government’s strategy to lift the economy to a higher and more inclusive growth path. The strategy is anchored on maintaining macro-economic stability, implementing structural reforms, supporting growth-enhancing infrastructure and building state capability.