Budget Office Urges Govt To Reveal Alternative Revenue Sources

The Parliamentary Budget Office says the government must reveal its alternative sources of revenue should the ANC-proposed two percentage points in value-added tax not be approved.

Last month, Finance Minister Enoch Godongwanas budget policy statement was postponed to the 12th of this month.

This after partners in the government of national unity disagreed on the proposed VAT increase.

The Offices Executive Director Dumisani Djantjies says, What is important in our view and analysis is to say maybe then parliament should coerce government to provide those options that were looked into, and in that way, they will be able to see what has been considered in our view and analysis that we are currently busy with, which I am not going to share a lot of until we publish next week. We do feel there is a lot of evidence of sources of revenue that we can still tap, and also breaking down to immediate need and medium- to long-term sources of revenue could be considered in that regard.

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