It’s all systems go for presentation of National Budget: Ramaphosa

2 weeks ago2 mins

President Cyril Ramaphosa delivers the opening address at a government function.

1 minute

President Cyril Ramaphosa says it’s all systems go for the National Budget to be presented on Wednesday.

Finance Minister Enoch Godongwana is back to the drawing board, crafting a third Budget after the first two attempts failed due to disagreements among members of the Government of National Unity, particularly the African National Congress (ANC) and Democratic Alliance (DA), over the proposed Value Added Tax increase.

The president says the Finance Minister is putting the final touches to the third iteration and will be ready to present the Budget on Wednesday.

“The Budget is almost ready. The Minister of Finance is putting the final touches to the Budget and that is going to be presented on the 21st. So, that is not a problem at all,” adds Ramaphosa.