{"id":102252,"date":"2025-11-14T20:32:35","date_gmt":"2025-11-14T18:32:35","guid":{"rendered":"https:\/\/radioislam.org.za\/a\/?p=102252"},"modified":"2025-11-14T20:32:35","modified_gmt":"2025-11-14T18:32:35","slug":"asri-report-south-africas-medium-term-budget-and-the-g20","status":"publish","type":"post","link":"https:\/\/radioislam.org.za\/a\/asri-report-south-africas-medium-term-budget-and-the-g20\/","title":{"rendered":"ASRI Report | South Africa\u2019s Medium-Term Budget and the G20"},"content":{"rendered":"

Neelam Rahim | neelam@radioislam.co.za<\/a>
\n3-minute read | 14 November 2025 | 11:35 CAT<\/p>\n

\"\"

South Africa gears up to host the G20 Summit in Johannesburg next week, spotlighting Africa\u2019s push for debt relief, climate finance, and industrialisation.<\/p><\/div>\n

South Africa\u2019s economic landscape and global engagement were highlighted this week as the government released its Medium-Term Budget Policy Statement (MTBPS) for 2025 and prepared to host the G20 Summit in Johannesburg. Rashad Amra, in this week’s ASRI Report on Radio Islam Internationa<\/em>l<\/a>, explained that the MTBPS provides a three-year outlook on government spending, allowing departments to plan for healthcare, education, infrastructure, and social development programs while anticipating revenue shortfalls. \u201cIt provides an early warning if there\u2019s going to be a contraction of expenditure or a longer-term path,\u201d Amra said.<\/p>\n

The 2025 MTBPS is the second under the Government of National Unity, a coalition that requires negotiation across political lines. \u201cYou have several parties making up a Government of National Unity, with different understandings of the economy, with different levels of commitment to social justice and addressing the wrongs of the past. So, you have a lot more contestation internally,\u201d Amra explained.<\/p>\n

The South African Reserve Bank also played a decisive role in shaping the budget, advocating for a lower inflation target that impacts growth and revenue. \u201cThis particular MTBPS was disproportionately shaped by the Central Bank\u2026which means that Treasury\u2019s attempts to settle and level debt as a share of GDP over the medium term is going to require further expenditure cuts,\u201d Amra noted. The outcome is a constrained budget with no increased allocations for critical areas such as healthcare amid reduced international support for HIV and TB programs and expanded early childhood development initiatives.<\/p>\n

On the global stage, South Africa hosts the G20 Summit next week, bringing together leaders from the world\u2019s 20 largest economies, which together represent 80% of the global economy. Amra emphasised the summit\u2019s significance for Africa, noting priorities such as debt justice, industrialisation, climate finance, and reform of multilateral institutions, including the IMF and the World Bank. \u201cAfrica is pushing for a fairer global system to see whether there\u2019s any progress on debt relief, on climate finance and industrialisation financing,\u201d he said, noting that $100 billion annually has been pledged to improve climate resilience in the Global South.<\/p>\n

While summit declarations are often non-binding, they signal intent and global commitment to key issues. \u201cThese declarations may follow up\u2026with more digitization of the economy, it\u2019s becoming more difficult for countries to track trade and ensure accountability,\u201d Amra said. South Africa\u2019s leadership at the summit, alongside its role at the International Court of Justice, positions the country to champion Africa\u2019s economic and social priorities, even if tangible results remain gradual.<\/p>\n

As citizens prepare for the G20 in Johannesburg, monitoring outcomes on debt restructuring, climate finance, industrialisation, and fairer global trade will be critical indicators of the summit\u2019s success for South Africa and the continent.<\/p>\n

Listen<\/strong> to the full ASRI Report on Sabahul Muslim<\/em><\/a> with Moulana Ibrahim Daya and Rashad Amra.<\/p>\n","protected":false},"excerpt":{"rendered":"

Neelam Rahim | neelam@radioislam.co.za 3-minute read | 14 November 2025 | 11:35 CAT South Africa\u2019s economic landscape and global engagement were highlighted this week as the government released its Medium-Term Budget Policy Statement (MTBPS) for 2025 and prepared to host the G20 Summit in Johannesburg. Rashad Amra, in this week’s ASRI Report on Radio Islam […]<\/p>\n","protected":false},"author":29,"featured_media":102253,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[28,4995],"tags":[],"class_list":["post-102252","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-south-africa"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/radioislam.org.za\/a\/wp-content\/uploads\/2025\/11\/ASRI-Report-2.jpeg?fit=1600%2C1600&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pc0QIf-qBe","jetpack_likes_enabled":true,"publishpress_future_action":{"enabled":false,"date":"2026-04-17 15:49:47","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/posts\/102252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/comments?post=102252"}],"version-history":[{"count":0,"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/posts\/102252\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/media\/102253"}],"wp:attachment":[{"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/media?parent=102252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/categories?post=102252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/tags?post=102252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}