Enoch Godongwana will table his 3rd attempt of the budget next month.
Current Affairs S.APosted by admin on 2025-04-30 17:40:50 | Last Updated by admin on 2025-10-07 10:50:31
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Finance minister Enoch Godongwana will return to parliament on 21 May to present his third attempt this year at getting a budget passed.
The minister announced the new budget date at a briefing on Wednesday in Pretoria.
Godongwana is revising his spending plans after a dispute within the governing coalition over a proposed tax increase forced him to backtrack. That left national treasury with a R75-billion shortfall to plug over the next three years.
This comes after The Western Cape High Court had ordered that a proposed increase in the Value-Added Tax (Vat) rate be suspended, formally scrapping the measure.
The ruling on Sunday, 27 April, brings to an end a dispute between the two largest parties in South Africa’s government of national unity (GNU) over the revenue-raising measure.
The court’s decision ensures that any changes to the Vat rate must be properly approved by parliament before taking effect, and sets aside the unlawful support lent to this Vat hike by a number of parties,” the Democratic Alliance (DA), which brought the case to court, said in a statement.
It was supported by the EFF in the court action against the Vat hike.
