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:


This article first appeared on CapeTalk : Budget 2017: DA hoped for spending cuts, not tax increases


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