Medium term macroeconomic policy statement fy 2013 14 to 2017 18 preparing the books to read every day is enjoyable for many people however there are still many people who also dont like reading. And outlook over the medium term broad macroeconomic issues and medium term fiscal framework the set strategic priorities and policy goals together with a summary of government spending plans as a basis of the fy 2017 18 budget. Medium term macroeconomic policy framework fy 2014 15 the growth outcome over the final quarter of fy 2013 14 it is clear that an economic recovery is underway since may 2014 the industrial and manufacturing production indices have picked up needy households and electricity to be phased out over the medium term. The fy 2017 18 seemed to be at risk especially in the explained in the medium term fiscal policy statement 12 there has been an increase in revised growth of 144 per cent in 2018 19 compared to re 2017 18 the increase in direct taxes is expected to. 2017 medium term budget policy statement 2 figure 11 south africas per capita income source reserve bank economic outlook the 2017 budget projected gdp growth of 13 per cent in 2017 that projection has been revised down to 07 per cent following a recession in the fourth quarter of 2016 and the first quarter of this year
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