EVENT INFORMATION

19
Februari
2025

GNU budget disagreement forces postponement of the Budget Speech

← Terug naar het dashboard
Organisatiegeschiedenis 📅 19 Februari 2025 📍 Zuid-Afrika

Finance Minister Enoch Godongwana postponed the scheduled Budget Speech after parties in the Government of National Unity disagreed over a proposed value-added tax increase. This was an early public test of the coalition formed after the ANC lost its parliamentary majority. Disputes over VAT also raised a distributional question: consumption taxes affect households across income groups, while poorer households spend a larger share of income on basic goods. The ANC remained the largest party in the coalition, but could not govern the budget process alone.

Log in om dit verhaal leuk te vinden of te bookmarken.
🔖 Bookmarken

Personen in deze gebeurtenis

ANC

Enoch Godongwana

Government of National Unity partners

Parliament

Organisaties in dit Evenement

African National Congress