The ANC is open to discussions with all political parties to pass the 2023 budget. Secretary-General Fikile Mbalula announced this willingness at a press conference. Many parliamentary parties rejected the revised budget, despite its scaled-back VAT hike proposals.
The African National Congress (ANC) of South Africa is open to discussions with all political parties in an effort to advance this year’s controversial budget. Secretary-General Fikile Mbalula made this announcement during a press conference on Thursday, indicating their readiness to engage in dialogue within the framework of the Government of National Unity (GNU) and even beyond it.
Despite attempts to lessen concerns, many significant parliamentary parties publicly denounced Finance Minister Enoch Godongwana’s revised budget on Wednesday. This budget included modifications aimed at reducing the proposed increase in value-added tax (VAT), yet it still faced rejection from major political factions.
The ANC emphasizes its willingness to engage with all political entities to facilitate the passage of the revised budget. Despite proposed adjustments to lessen the VAT hike, significant opposition remains from key parliamentary parties. Dialogue seems essential for progressing on this contentious issue.
Original Source: www.tradingview.com
