Budget 2025: 'There's no agreement yet'

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Budget 2025: 'There's no agreement yet' - Steenhuisen

//business-finance.news-articles.net/content/202 .. t-2025-there-s-no-agreement-yet-steenhuisen.html

Published in Business and Finance on Tuesday, March 4th 2025 at 23:21 GMT by Moneyweb
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

With a week to go before Finance Minister Enoch Godongwana finally tables a reworked 2025 National Budget next Wednesday, Democratic Alliance (DA) leader John Steenhuisen has insisted there is no agreement yet on the budget between the main government of national unity (GNU) partners.

2025-03-04 156 x 110 / 4732 Bytes

The article from Moneyweb discusses the ongoing negotiations between South Africa's Democratic Alliance (DA) and the African National Congress (ANC) regarding the 2025 Budget. DA leader John Steenhuisen emphasized that no agreement has been reached yet, particularly on critical issues like the funding of the National Health Insurance (NHI) and the Basic Income Grant (BIG). He highlighted the need for a responsible fiscal framework, expressing concerns over potential unfunded mandates that could exacerbate the country's financial strain. Steenhuisen also mentioned the importance of addressing inefficiencies in government spending and the necessity for economic reforms to stimulate growth. The discussions are part of broader coalition talks following the ANC's failure to secure a majority in the recent elections, with the DA pushing for a more conservative approach to public finances.

Read the Full Moneyweb Article at:
[ https://www.moneyweb.co.za/in-depth/budget/budget-2025-theres-no-agreement-yet-steenhuisen/ ]