# President Cyril Ramaphosa has described the Medium Term Budget Policy Statement as a progressive budget, aimed at stabilising South Africa’s finances, strengthening economic growth and addressing the challenges faced by citizens. Finance minister Enoch Godongwana cut the 2026 growth forecast to 1.2-percent from 1.6-percent, and also identified a further 38.1-billion-rand in savings over the medium term. Ramaphosa says the budget will ensure that key government economic reforms are enhanced:
BUDGET: Ramaphosa says the Medium-Term Budget will enhance key government economic reforms [SOUND]
ENG RamaphosaOnBudgetReforms