CARTOON: Raising the bar vs raising VAT

MPs have the power to make changes, with DA saying it won’t support Godongwana’s latest offering

Finance minister Enoch Godongwana opts for a half a percentage point hike in each of the next two years

Treasury’s budget office head Edgar Sishi says due to adjustment in terms of the decision on tax revenue hikes, other trade-offs have been made

Social spending will rise by R8.2bn over the medium term, down from the R23.3bn increase proposed in February

Enoch Godongwana delivers budget without majority support in parliament

Treasury plans to raise an extra R28bn in 2025/26 and R14.5bn in 2026/27 by gradually increasing VAT