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Parliament’s Finance committee adopts the fiscal framework report

# Parliament’s standing committee on Finance has adopted the report on the fiscal framework but with recommendations, laying the groundwork for today’s National Assembly sitting. This comes as the ANC has supported a proposal from ActionSA to amend the budget by removing the 0.5-percentage point increase in value-added tax and give personal income taxpayers complete relief for inflation. The proposal includes a 30-day pause in the budget process during which the National Treasury would redo the fiscal framework.