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South Africa's Finance Minister outlines budget aiming for economic stability, growth, amid union concerns.
South Africa's Finance Minister Enoch Godongwana delivered the 2025 budget speech, aiming for macroeconomic stability and faster growth.
The budget targets a 0.5% fiscal surplus in 2024/25, rising to 0.9% in 2025/26, with debt stabilizing at 76.2% of GDP.
The speech also outlines plans to simplify Eskom's debt relief and boost infrastructure investment.
However, trade unions warn against increasing VAT, fearing it would harm the poor.
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El Ministro de Finanzas de Sudáfrica esboza el presupuesto destinado a la estabilidad económica, el crecimiento, en medio de las preocupaciones sindicales.