ActionSA Slams Govt for Failure to Control Spending, Leading to Additional Taxes
ActionSA leader Herman Mashaba has slammed the government for failing to control its spending, which has led to Finance Minister Enoch Godongwana announcing that additional taxes are on the cards for 2024.
Mashaba: ANC-Run Govt Has Run Out of Ideas to Grow Economy, Create Jobs
Mashaba says the ANC-run government failed to heed former Finance Minister Tito Mboweni’s call to tighten its purse strings.
He says Godongwana’s budget will inflict more pain on South Africans with steep spending cuts, planned increases in taxes of R15 billion, and below-inflation adjustments for frontline services such as healthcare, policing, and education.
ActionSA Proposes Increase in Middle-Income Tax Bracket to Bolster Economy
Mashaba says South Africa does not have a funding problem, but simply does not get enough return on the money it is currently spending.
He has proposed an increase in the middle-income tax bracket, increasing competition in the electricity generation and transportation sectors, and increasing infrastructure investment to help stabilize the economy.
Mashaba Calls for Merging and Reducing Duplicated Departments to Save Money
Mashaba has also called for duplicated departments to be merged and reduced to under 20 departments to reduce inefficiencies and save money.
Mashaba’s criticism of the government’s financial management is likely to resonate with many South Africans, who are already struggling to make ends meet.
It remains to be seen whether the government will heed his calls to improve its spending habits and reduce the tax burden on citizens.