Cape Town – The Democratic Alliance expects Finance Minister Pravin Gordhan to combine direct and indirect tax increases in the form of a higher personal income tax and fuel levy to fill the R28bn fiscal hole.
At a media briefing in Parliament, DA spokespersons on finance David Maynier and Alf Lees presented their party’s expectations for the 2017 Budget which is to be delivered on Wednesday.
“The minister is drowning in red ink and we believe he may raise personal income tax, which raised R428.5bn, or 37% of tax revenue, in 2016/17,” the DA said.