Yesterday, the South African Parliament approved this year's budget proposal.
The 2025 revenue and fiscal framework proposal was made possible by 194 votes in favour, from the ANC, Inkata, Patriotic Alliance, Action SA, UDM, Rise Mzansi, Build One South Africa, Al Jamah-ah, PAC, UAT and Good.
The proposal received 182 votes against from the Democratic Alliance, Umkhoto WeSizwe, EFF, FF Plus, ACDP and the African Transformation Movement.
The approved revenue and tax structure proposal includes recommendations that the Treasury should, within a month, present alternatives to tax increases, while ruling out raising VAT and adjusting personal income tax bands.
The second largest party in the coalition, the pro-business Democratic Alliance (DA), rejected the tax structure along with opposition parties uMkhonto we Sizwe (MK) and the Economic Freedom Fighters (EFF), questioning the DA's future in the coalition.
The budget was the most severe test of the multiparty government formed by the CNA last year, when Nelson Mandela's former liberation movement lost its parliamentary majority for the first time since the end of apartheid in 1994.
Scheduled to be presented in February, it was postponed at the last minute, before a revised version was presented last month.
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