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Opposition Parties Reject Budget 3. 0, Say It Has Failed the Poor

  • On 21 May 2025, Finance Minister Enoch Godongwana presented the revised Budget 3.0 in South Africa amid mixed political reactions.
  • The budget followed public backlash and a legal challenge by the DA that removed a proposed VAT hike, requiring replacement revenue measures like fuel levy increases.
  • Opposition parties criticized the budget for increasing fuel levies, failing to address unemployment, and lacking progressive tax reforms to ease hardships facing the poor.
  • Specific data include a 16-cent petrol and 15-cent diesel fuel levy rise from 4 June, a revised economic growth forecast lowered from 1.8% to 1.4%, and a R7.5 billion boost to SARS funding.
  • The budget signals a temporary pause in austerity spending but risks deepening social crises without meaningful economic growth or job creation proposals, prompting calls for close monitoring and fiscal alternatives.
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News Central - Latest Africa News broke the news in on Wednesday, May 21, 2025.
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