Budget is 'too political'

TREASURY: AIM IS TO GET REVENUE AND EXPENDITURE BALANCE RIGHT

- Ina Opperman

The fact that the budget has not yet been approved is not a crisis. However, it is important not to politicise passing it, an expert says.

Minister of Finance Enoch Godongwana delivered the budget speech in parliament last week and parliament has four months to finalise it.

Chris Axelson, acting deputy director-general for tax and financial sector policy at National Treasury, said other countries take much longer to finalise their budgets, although it is the first time that the budget was not finalised before the budget speech.