National Assembly Passes Fiscal Framework And Revenue Proposals

1 Days(s) Ago    👁 52
national assembly passes fiscal framework and revenue proposals

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 implemented early this month.

House Chairperson Cedric Frolick declared the outcomes of the votes.