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TIPS FOR FINANCE MINISTER ENOCH GODONGWANA: Budget 2022

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National Treasury has asked South Africans on social media to send tips to Finance Minister Enoch Godongwana ahead of the National Budget Speech on Wednesday.

Social media users on Twitter shared their views on South Africa’s economy and what they think the Minister should consider as he aims to strike a balance in the use of the country’s fiscus.

“It is in this context that Minister Godongwana invites South Africans to share their suggestions on the Budget – what should government be spending on, how to address a large budget deficit, new sources of tax revenues, and other Budget-relevant information,” notes Treasury in their invitation to the public to make suggestions.

Using the hashtags  #Budget2022, #TipsForMinFin, #BudgetSpeech the public, social, business and labour organisations posted their suggestions in the build-up to the Budget speech.

UNEMPLOYMENT
Unemployment remains one of South Africa’s biggest problems with the unemployment rate sitting at 39.4%. The official number of unemployed number of people in South Africa stood at
7 643 000 in the third quarter of 2021.

TAX
The Organisation Undoing Tax Abuse (OUTA) is among public members and business organisations who have raised concerns about the high tax in South Africa and the abuse of tax.

On a thread posted on Twitter, OUTA called on Godongwana to address Corruption, increase transparency in government spending and lower the fuel levy.

“Consumers can’t afford high fuel costs. Taxes & levies are 33% of fuel price. #OUTA says reduce General Fuel Levy by 32c/litre & do not increase RAF levy. Fix RAF fund,” says OUTA in a tweet.

POLITICAL PARTIES ON DEBT 

Government debt and the repayment of loans remains a major talking point on social media.

The Economic Freedom Fighters (EFF) is expected to march to Parliament on Wednesday ahead of Finance Minister Enoch Godongwana’s Budget Speech in opposition to the International Monetary Fund (IMF) and World Bank loans to bail out the country’s economy.

 

 

 

SOCIAL ISSUES AFFECTING SA
Civil organisations have called for a budget that is responsive to South Africa’s social problems.

 

SABC News asks: What do you hope to hear?

SABC News asked social media users: “What do you hope to hear from Finance Minister, Enoch Godongwana, when he delivers the 2022 budget speech?”

 

FINAL TOUCHES 
Earlier this week, Treasury posted pictures of Godongwana and his team putting the ‘final touches’ to the speech.

 

PLAYLIST | SABC News Spoke communities, unions and the business industry about the 2022 Budget speech:

 

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