{"id":848545,"date":"2025-05-15T19:11:59","date_gmt":"2025-05-16T00:11:59","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/15\/mbalula-rules-out-vat-hike-in-new-budget-advocates-pro-poor-economic-approach\/"},"modified":"2025-05-15T19:11:59","modified_gmt":"2025-05-16T00:11:59","slug":"mbalula-rules-out-vat-hike-in-new-budget-advocates-pro-poor-economic-approach","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/15\/mbalula-rules-out-vat-hike-in-new-budget-advocates-pro-poor-economic-approach\/","title":{"rendered":"Mbalula rules out VAT hike in new budget, advocates pro-poor economic approach"},"content":{"rendered":"
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<\/span><\/span><\/span><\/a>Kamogelo Moichela<\/a><\/span>|<\/span>Published

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African National Congress (ANC) secretary-general Fikile Mbalula called for the budget to be pro-poor, balanced and for the people as Finance Minister Enoch Godongwana<\/a> prepares to deliver the upcoming national budget<\/p>\n

Mbalula told journalists in a media briefing on Wednesday that his party welcomed a new process to adopt the revised fiscal framework that will now be tabled next month.<\/p>\n

Godongwana confirmed on Wednesday that he will table the revised budget<\/a> in Parliament on May 21.<\/p>\n

This follows a ruling by the Western Cape High Court, setting aside the adoption of the fiscal framework and suspending the 0.5 % value-added tax (VAT) increase.<\/p>\n<\/div>\n

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Mbalula called on the government to ensure that the budget reflected a conscious decision to protect the most vulnerable while ensuring the budget remained a tool for inclusive growth, job creation, and economic reconstruction.<\/p>\n

\u201cIt has to be a people\u2019s budget \u2014 a budget that does not retreat into austerity, nor sacrifice long-term transformation at the altar of technical compliance.<\/p>\n

\u201cInstead, it balances pro-growth policy with pro-poor spending, rooted in the developmental ethos of the Freedom Charter and the democratic values of the Constitution,\u201d he said.<\/p>\n<\/div>\n

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Mbalula further stated that the ANC will continue to engage with political parties in the Government of National Unity (GNU), including the Democratic Alliance (DA), on the revised fiscal framework.<\/p>\n

\u201cOur goal is to sustain the work that we started after the initial Fiscal Framework was tabled in Parliament and build consensus around a progressive medium-term fiscal strategy that takes us out of the austerity cycle into a comprehensive Growth Agenda,\u201d he said.<\/p>\n

Meanwhile, a budget of no confidence was tabled against Godongwana by the MK Party.<\/p>\n

But the ANC said the minister can not resign without a clear reason.<\/p>\n

[email\u00a0protected]<\/a><\/p>\n

IOL Politics<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n

Georgianna Volkman
Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Kamogelo Moichela | Published 2 weeks ago African National Congress (ANC) secretary-general Fikile Mbalula called for the budget to be pro-poor, balanced and for the people as Finance Minister Enoch Godongwana prepares to deliver the upcoming national budget Mbalula told journalists in a media briefing on Wednesday that his party welcomed a new process to<\/p>\n","protected":false},"author":1,"featured_media":848546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[129773,2849],"tags":[129772,5575],"class_list":{"0":"post-848545","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mbalula","8":"category-rules","9":"tag-mbalula","10":"tag-rules"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/848545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=848545"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/848545\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/848546"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=848545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=848545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=848545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}