Budget 2026: Political parties expect reversal of economic frailty, poverty

Political parties expect no surprises from Finance Minister Enoch Godongwana when he tables the 2026 budget on Tuesday.

They've also warned against any attempt to increase the tax rate, whether it's personal income tax or value-added tax (VAT).

Parties expect Godongwana to deliver a budget that addresses weaknesses in the economy as well as the needs of the poor.

They said they won't tolerate a repeat of last year when Minister Godongwana announced a VAT increase.

ALSO READ:

ANC expects Godongwana to do away with raising taxes in 2026 budget

Budget 2026: Experts believe tax relief is foremost for SA consumers

Budget 2026: Labour unions demand targeted support for vulnerable sectors

As we all know, that matter caused divisions in the Government of National Unity (GNU) and ended up before the courts, before the idea was eventually abandoned by Treasury.

The Inkatha Freedom Party (IFP)'s chief whip, Nhlanhla Hadebe, said he doesn't expect any surprises but rather a budget that funds key programmes.

"We are not expecting any surprises this year. We are optimistic it's all systems go. The Government of National Unity, on the side of cooperation and working together, is stable."

Parties like the Econonic Freedom Fighters (EFF) and ActionSA have also voiced their opposition to any tax adjustments and want Godongwana to prioritise the economy, education and the social safety net.