‘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.

Mothapo says with the new Budget expected to be tabled next month, Parliament will be able to meet the deadline.

“Going forward, Parliament is engaging the exec [executive] to determine an appropriate date for tabling of revised budgetary. We expect the minister to table the budgetary instruments within the coming weeks. Parliament stands ready to act swiftly and responsibly to process and adopt the revised national budget within the timeframes of the law,” says Mothapo.