South Africa Finance Minister Sets Date for Third Budget Attempt

South African Finance Minister Enoch Godongwana will return to parliament on May 21 to present his third attempt this year at getting a budget passed.

Godongwana is revising his spending plans after a dispute within the governing coalition over a proposed tax increase forced him to backtrack. That left the National Treasury with a 75 billion-rand ($4 billion) shortfall to plug over the next three years.


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