Budget 2023
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FF Plus not convinced by budget

Cape Town - The Freedom Front Plus is not convinced that South Africa has reached a turning point in its finances.

"I would like more figures, more honesty, tell us what the problems are and then surely some solutions," party leader Pieter Mulder said outside Parliament on Wednesday, in reaction to Finance Minister Nhlanhla Nene's 2014 mini budget.

"He went broadly over it. He admits that the growth rate come down to 1.4%. That's very serious. He also admits there is a shortage in revenue and then he did some cuts, that's good, but he ends up, he says about R1.3bn that he could cut."

Mulder said this was too little. With the state needing R16bn in revenue, Nene had indicated tax increases for next year.

"That's not good for the economy and the overall growth rate," he said.

* Visit Fin24's Mini Budget Special for all the news.

ALSO READ: Mini budget - as it happened

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