Tuesday 25 March 2025
Home      All news      Contact us      RSS     
enca - 12 days ago

Discussion | VAT hikes for the next two years

Discussion | VAT hikes for the next two years Minenhle.Thusi Thu, 03/13/2025 - 08:58 JOHANNESBURG - Finance Minister Enoch Godongwana s highly anticipated budget, has been met with mixed reactions.Most opposition parties describe it as uninspiring and lacking means to grow the economy. Despite heated debates over a proposed 2 percentage point VAT hike, the Minister took a more measured approach, settling on a 0.5 percentage point increase.According to economist at Economtrix, Dr Azar Jammine, the budget deficit has been increased from 4.4% to 4.6% GDP and the government has not budgeted for another year of social relief.


Latest News
Hashtags:   

Discussion

 | 

hikes

 | 

years

 | 

Sources