Economy

SA Minister to meet Finance MECs ahead of Budget Speech

Date: May 13, 2025

South Africa’s (SA) Finance Member of the Executive Council (MEC) and Finance Minister Enoch Godongwana are expected to meet in a Budget Council today ahead of the National Budget announcement next week.

In April, the National Treasury announced its decision to reverse its proposed 0.5% point Value-Added Tax (VAT) increase following contestation from political parties. 

Godongwana postponed the Budget Speech in February. 

The Gauteng Provincial Government says it is not yet in a position to confirm whether its budget will be maintained or withdrawn ahead of a third attempt at tabling the National Budget. 

Gauteng Finance and Economic Development MEC Lebogang Maile has announced that the provincial government underspent by $98 million by the end of the 2024-25 financial year. 

--SABC--

Comments

comments powered by Disqus

Web Content Viewer (JSR 286)

Actions
Loading...
Complementary Content
CLOSE

Your Name:*

Your Email:*

Your Message:*

Enter Captcha:*