Fiscal framework and revenue proposals scrutinised by NA and NCOP
PARLIAMENT - Budget 3.0 looks set to pass through parliament.
MPs from the National Assembly and the National Council of Provinces voted in favour of the 2025 Fiscal Frameworks and Revenue Proposals on Wednesday.
READ: Budget 3.0 | Fiscal framework up for debate
These outline economic policy and must be passed before any budget bills.
The first budget speech was not presented by the minister following an uproar in cabinet about a planned 2% VAT Hike.
The second budget presented a more moderate VAT hike but members of the GNU voted against it.
Senior research associate from the Southern Africa Labour and Development Research Unit, Andrew Donaldson unpacked the new budget with eNCA.
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