Cape Town – Finance Minister Enoch Godongwana will next week, on February 21, present the National Budget Speech, outlining the government’s financial, economic, and social priorities for planned expenditure.
This comes after President Cyril Ramaphosa’s State of the Nation Address (SONA), where plans to address the country’s energy crisis and other socio-economic challenges were discussed.
“The Budget Speech, among others, aims to balance economic growth and support for the vulnerable in our society, despite limited resources. Godongwana will provide a detailed plan for 2024 spending, including proposals for revenue collection to help fund government’s planned interventions and commitments.
The Minister of Finance, Mr Enoch Godongwana will table the National Budget Speech on the 21st of February 2024 #BudgetSpeech24 #SONA24 #SouthAfrica #Itspossible pic.twitter.com/XbutiiC9DV
— DEPARTMENT OF SCIENCE & INNOVATION (@dsigovza) February 15, 2024
“He will also introduce the Appropriation Bill and table the Division of Revenue Bill, which Parliament will process in the following months,” Parliament said on Wednesday.
The budget allocation for 2024 will be presented at Cape Town City Hall.
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Compiled by Betha Madhomu
