Speaking in Parliament on Wednesday, he emphasised that the National Treasury carefully considered input from political parties and the public when formulating the fiscal framework.

Godongwana, who briefed the four parliamentary committees on Finance and Appropriations following his budget presentation, stressed that widespread discussions had shaped key revenue proposals.

In response to feedback, the government decided to reverse a planned 5% increase in certain financial measures, aligning fiscal policy more closely with public sentiment.

“We accept that the budget itself and this discussion reflects the concerns of the people,” he said.

“Through ongoing engagement, we have factored in the views of not just the members of this house but also the general public. As a result, we have opted to reverse the common 5% increase in light of these discussions, which coincides with a revision of the economic growth outlook.”

--SABC/ChannelAfrica--