Budget 2017: DA hoped for spending cuts, not tax increases

The DA says proposals to raise taxes alone will not help recover South Africa's ailing economy.

This comes after Finance Minister Pravin Gordhan delivered his annual Budget Speech in Parliament on Wednesday, announcing planned tax the super rich.

Those earning more than R1.5 million p/a will be taxed 45% of their taxable income and people who earn between R708,000 and R1.5 million will be taxed 41%.

But the DA's Shadow Minister of finance David Maynier says more can be done to cut down government spending.

We would have hoped that the minister would speaking about cutting spending rather than raising taxes.

David Maynier, DA Shadow Minister of finance

He says approximately R14.3 billion will be spent on "bloated" executive and legislature structures in the next financial year throughout South Africa.

He says there is further scope for spending cuts within government structures.

The Western Cape legislature will cost the taxpayer about R40 million but the Gauteng legislature will cost the taxpayer about R110 million. Someone need to explain the variance.

David Maynier, DA Shadow Minister of finance

The DA has proposed a Comprehensive Spending Review which would require Treasury, to work with all spheres of the state to review the composition of spending over the medium term between 2017/18 and 2019/20.

Take a listen:

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Mantashe: ANC happy with Budget Speech's emphasis on transformation

Mantashe: ANC happy with Budget Speech's emphasis on transformation

ANC says it is satisfied with Finance Minister Pravin Gordhan's carefully crafted Budget Speech which was delivered on Wednesday.

Budget speech lacked polices promoting economic growth - FNB economist

Budget speech lacked polices promoting economic growth - FNB economist

‎Economist at FNB South Africa, Mamello Matikinca, says it's clearly very difficult for government to narrow the fiscal deficit.

[WATCH] Budget Speech 2017

[WATCH] Budget Speech 2017

Finance Minister Pravin Gordhan has tabled the 2017 Budget in Parliament.

An increase in personal taxes predicted when Gordhan delivers his budget speech

An increase in personal taxes predicted when Gordhan delivers his budget speech

Finance Minister, Pravin Gordhan is expected to deliver his 2017 budget speech in Parliament on Wednesday.

Delays to swear in Brian Molefe as MP, still no clarity - analyst

Delays to swear in Brian Molefe as MP, still no clarity - analyst

Controversy around Molefe's appointment as MP continues as three different ANC branches claimed to have him as a member.

Popular articles
Students not coping with current curriculum, innovation is needed

Students not coping with current curriculum, innovation is needed

Curriculum expert, Bronwen Willson-Thompson, says the majority of students are not coping with the existing curriculum.

Exciting times for cricket fans with the announcement of the T20 Global League

Exciting times for cricket fans with the announcement of the T20 Global League

Cricket South Africa (CSA) launched its new T20 Global League on Monday in London.

Popping the big question soon? Here's how you can plan your perfect proposal

Popping the big question soon? Here's how you can plan your perfect proposal

Pippa Lund and her team are here to ensure your planned marriage proposal is nothing short of amazing.

Are you having panic attacks? Here's what you need to know

Are you having panic attacks? Here's what you need to know

Behavioural psychologist Dr Helgo Schomer explains the symptoms, treatments and tips for people who suffer panic attacks.

Insurance companies could hit you hard for an accident you didn't cause

Insurance companies could hit you hard for an accident you didn't cause

Legal advisor at RBS explains insurance companies 80/20 rule that holds motorists equally liable for accidents caused.

Don't be rude: 5 ways to practice cell phone etiquette

Don't be rude: 5 ways to practice cell phone etiquette

It's important to confront friends and family if they seem distracted by their phones, says Afro Protocol founder Courtenay Carey.

Home Affairs to follow up on special dispensation permit for Zimbabweans in SA

Home Affairs to follow up on special dispensation permit for Zimbabweans in SA

Home Affairs Minister Hlengiwe Mkhize says her department will respond to all Zimbabweans under special dispensation.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...