Parliament Will Meet Deadline For Adoption Of New Fiscal Framework

Parliament will meet the deadlines in law for the adoption of the 2025 Fiscal Framework and Revenue Proposals. This is according to Parliamentary spokesperson, Moloto Mothapo.

Parliament is supposed to adopt the Budget before the end of July this year.

Finance Minister Enoch Godongwana is expected to table a new Budget next month.

This follows an out-of-court settlement - made an order of the Western Cape High Court - that suspends the half a percentage point VAT increase and sets aside the Fiscal Framework resolutions.

The DA and EFF had applied for an interdict against the increase, challenging its constitutionality as well as the Parliamentary procedure.