Cutting ministerial perks not enough to fund R2.7 trillion budget, says ANC
submitted 10 months ago by Lthabo1999
submitted 10 months ago by Lthabo1999
- The African National Congress (ANC) in South Africa discussed how cutting ministerial perks wouldn't raise enough money for the country's budget, so they proposed increasing value-added tax (VAT) by one percentage point over two years to fund critical programs.
- The ANC believes that despite efforts to reduce government spending, raising taxes is necessary to maintain the required level of government revenue.
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