Thabiso Goba4 March 2025 | 13:25

DA says there's still no agreement on national budget

The DA, which is part of the Government of National Unity (GNU), stands opposed to any increases to value added tax (VAT).

DA says there's still no agreement on national budget

FILE: Finance Minister Enoch Godongwana at the Land Bank media briefing, on its conclusion on the liability solution with its lenders, 9 September 2024. Picture: GCIS

JOHANNESBURG - The Democratic Alliance (DA) says there’s still no agreement yet on national budget yet, after the speech was abruptly postponed in February.

The DA, which is part of the government of national unity (GNU), stands opposed to any increases to value added tax (VAT).

The budget speech was postponed for the first time ever, after parties in the GNU failed to find consensus on the proposed two percent point increase on VAT.

With less than a week to go, until the presentation of the budget speech, parties in the GNU have still not reached parity.

Earlier on Monday, cabinet released a statement saying a “a variety of options” had been presented to the finance minister for his consideration. 

It said the minister and treasury are now set to finalise the budget speech.

However, DA leader, John Steenhuisen said no agreements had been reached.

Writing on his official X page, Steenhuisen said negotiations are still ongoing and he is hopeful a resolution will be found before 12 March.