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The increase will be 17%.
Shortly after the pioneer postponed, Kodongwana told the media on Tuesday afternoon that the cabinet should discuss the case before the National Assembly was filed.
“The Cabinet is united in the idea that the budget should be balanced between the interests of the public, economic growth and financial stability. In addition, the Budget is prepared and presented by the National Legislative Assembly in accordance with the rules underlined in the Public Financial Management Act.”
“Section 27 of the Public Finance Management Act should be filed in exceptional situations soon before the beginning of the financial year or after the financial year.
“Therefore, further discussion in the Cabinet will be held on March 12 in the preparation of a new or revised budget.”
Earlier, President Cyril Ramaphosa invited an emergency cabinet meeting, which caused a delay in the onset of action.
Sowetanlive
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