Supplementary Budget 2020
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Former Sars chief Pravin Gordhan
Former Sars chief Pravin Gordhan

Cape Town - Finance Minister Pravin Gordhan’s first comeback National Budget tabled on Wednesday afternoon in Parliament was relatively calm and workmanlike one after all the expectations of tax hikes and spending cuts amid tough economic times.

He stressed the need to reaffirm government’s commitment to close the gap between spending and revenue, implementing a plan for stronger economic growth and cooperation between government and the business sector. That should keep the rating agencies that want to downgrade SA’s debt position to junk status temporarily at bay.

SEE INFOGRAPHIC: All your 2016 tax tables

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