South Africa's budget remains stuck

South Africa's budget remains stuck as parties reject reduced VAT hike
By Wendell Roelf, Kopano Gumbi and Tannur Anders CAPE TOWN (Reuters) -A revised budget presented on Wednesday by South Africa's finance minister was immediately rejected by major political parties, even though a proposed increase in value-added tax was sharply reduced.
The budget that will determine South Africa’s future
B udget announcements are rarely dramatic events in South Africa. But the statement on March 12th by Enoch Godongwana, the finance minister, could be the most consequential since the end of white rule in 1994.
South Africa’s 2025 budget – everything you need to know
Real GDP is projected to grow to 1.9% in 2025, down to 1.75% in 2026 and back up to 1.9% in 2027. The higher budget deficit means that debt-service costs in 2024/25 have been revised higher by an additional R33.6 billion to R389.6 billion. This translates to 22 cents of every rand we raise in revenue.
South Africa proposes smaller tax hike to break budget deadlock
South Africa's National Treasury on Wednesday proposed a smaller hike in value-added tax in a revised budget aimed at ending deadlock within the coalition government, but it was not clear if it would get the support in parliament to pass.
S.Africa revised budget gets booed despite smaller tax hike
South Africa's finance minister unveiled Wednesday a budget with a smaller increase in value-added tax than previously proposed, but it was immediately rejected by a key party in the unity government.
The big winners and losers in South Africa’s 2025 budget
The Treasury committed R5 billion to the military to fund a peacekeeping mission in eastern Congo, where Rwanda-backed rebels have wreaked havoc. Many South African troops have died in the central African nation, and regional groups haven’t managed to broker a ceasefire so far.
South Africa's budget goes down to the wire again
South Africa's cabinet was still meeting on the 2025 budget less than one hour before the finance minister was due to present it in parliament on Wednesday, a source from the Democratic Alliance party said,
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