Budget 2026 Aims to Address Economic Frailty and Poverty

1
Budget 2026 Aims to Address Economic Frailty and Poverty
Budget 2026 Aims to Address Economic Frailty and Poverty

Africa-Press – South-Africa. Political parties expect no surprises from Finance Minister Enoch Godongwana when he tables the 2026 budget on Tuesday.

They’ve also warned against any attempt to increase the tax rate, whether it’s personal income tax or value-added tax (VAT).

Parties expect Godongwana to deliver a budget that addresses weaknesses in the economy as well as the needs of the poor.

They said they won’t tolerate a repeat of last year when Minister Godongwana announced a VAT increase.

As we all know, that matter caused divisions in the Government of National Unity (GNU) and ended up before the courts, before the idea was eventually abandoned by Treasury.

The Inkatha Freedom Party (IFP)’s chief whip, Nhlanhla Hadebe, said he doesn’t expect any surprises but rather a budget that funds key programmes.

“We are not expecting any surprises this year. We are optimistic it’s all systems go. The Government of National Unity, on the side of cooperation and working together, is stable.”

Parties like the Econonic Freedom Fighters (EFF) and ActionSA have also voiced their opposition to any tax adjustments and want Godongwana to prioritise the economy, education and the social safety net.

For More News And Analysis About South-Africa Follow Africa-Press

LEAVE A REPLY

Please enter your comment!
Please enter your name here