NAPTOSA comments on the 2018 Budget speech
2018 BUDGET SPEECH BY MINISTER MALUSI GIGABA – 21 FEBRUARY 2018
NAPTOSA wishes to commend Minister Gigaba for delivering an inclusive and progressive budget for the financial year 2018/19 in view of the economic challenges that South Africa is enduring. The outlined interventions and measures mentioned by the Minister to improve governance of state-owned entities, departmental expenditure and reduction of mismanagement of government is supported. ‘NAPTOSA welcomes government plans to implement effective management systems,’ said NAPTOSA president Mr Ntantala, ‘And we look forward to seeing speedy action in this regard; not just another case of hot air to appease the public.’
NAPTOSA noted Mr Gigaba’s motivation for the 1% increase in VAT and amendments to below inflation personal tax increases as, ‘Difficult but necessary trade-offs’, in order to educate the youth and continue to protect the vulnerable. NAPTOSA welcomes the R57 billion allocation towards first year students’ higher education costs. ‘We have a responsibility to ensure that logistical implementation and the use of taxpayers’ monies is transparent and honest,’ said Mr Ntantala.
While NAPTOSA accepts the statement by Minister Gigaba that future generations should not be burdened by current government overspending and inefficiency in correcting itself for the benefit of the poor and most vulnerable, he ignored the fact that the VAT and fuel levy increases will impact them nonetheless.