Fiscal Framework Passed without a Hitch in National Assembly

Fiscal framework passed without a hitch in National Assembly

The 2025 fiscal framework and revenue proposals were adopted by both Houses of Parliament on Wednesday.

Godongwana breathes sigh of relief as Parliament okays R2.6 trillion spend

Finance Minister Enoch Godongwana expressed relief after Parliament approved the Fiscal Framework and Revenue Proposals underpinning the 2025 budget on Wednesday. The approval marks the end of a contentious and politically fraught process, as this was the first budget cycle under South Africa’s Government of National Unity (GNU). Godongwana described the journey as ‘painful’, highlighting the political contestation and legal challenges that dela…

SA: After Political Impasse, Parliament Passes Budget Framework

By Enyichukwu Enemanna South Africa’s parliament on Wednesday passed the 2025 budget’s fiscal framework and revenue proposals, a development that came after months of political wrangling in the unity government. Arising from disagreements in the Government of National Unity (GNU), the budget was earlier rejected and reworked twice over plans to raise value-added tax (VAT). During the passage, a majority of 268 lawmakers in the lower house, inclu…

National Assembly passes Fiscal Framework and Revenue Proposals - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The National Assembly has passed the Fiscal Framework and Revenue Proposals with 268 votes for and 88 against. It has taken three attempts by Finance Minister Enoch Godongwana to table the budget after unhappiness about his proposed VAT increase in the previous two budget proposals. There were two abstentions from Build One South Africa (BOSA). The Fiscal Framework and Revenue Proposals contains the general fuel levy increase which was implement…