Tax & Spend
South African Cabinet Backs Budget Framework, Godongwana Says
- Finance minister sees broad acceptance of fiscal proposals
- Minister’s upbeat comments about meeting echoed by president
Enoch Godongwana
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
South Africa’s new coalition cabinet largely accepted the government’s existing fiscal framework, though sticking points may arise when allocations are made at budget time, Finance Minister Enoch Godongwana said.
Ministers from the so-called government of national unity met in Pretoria on Saturday and Sunday to map out priority areas over the next five years. It was the first time they’ve held a strategic planning session, known locally as a lekgotla, since the formation of a coalition government last month.