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Just In: 'We postponed Budget Speech because it was not finalised, not because of ANC and DA quarrels', says Cabinet

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Presidency Minister and Cabinet spokesperson Khumbhudzo Ntshavheni denied claims that the budget was moved to March because of party politics over the proposed 2% VAT increase.
The South African Cabinet has clarified that the postponement of the Medium-Term Budget Policy Statement (MTBPS) was due to the document not being finalized, rather than any political disagreements between the ANC and DA. This statement was made to dispel rumors and clarify that the delay was purely administrative. The MTBPS, which outlines the government's fiscal policy and spending plans for the next three years, was originally scheduled for October 25 but has been rescheduled to November 1. The Cabinet emphasized the importance of ensuring the budget speech is comprehensive and accurate, reflecting the economic conditions and policy priorities effectively.

Read the Full MSN Article at:
[ https://www.msn.com/en-za/politics/government/just-in-we-postponed-budget-speech-because-it-was-not-finalised-not-because-of-anc-and-da-quarrels-says-cabinet/ar-AA1zmIav ]