EVENT INFORMATION

12
March
2025

Finance Minister tables a revised budget with a phased VAT increase

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Organization history 📅 12 March 2025 📍 South Africa

The Minister of Finance tabled the 2025 Budget after its original presentation had been postponed. The revised proposal included phased VAT increases, which were contested by coalition partners and opposition parties. The ANC defended the proposal as a way to fund public services and social spending, while critics argued that indirect taxation would burden ordinary households. The dispute exposed ideological and distributional tensions within the GNU and tested the ANC’s ability to negotiate policy after losing its parliamentary majority.

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People in this event

ANC

Enoch Godongwana

Parliament

Government of National Unity partners

Organizations in this Event

African National Congress