South Africa's Finance Minister Enoch Godongwana has been forced to postpone the unveiling of the national budget following sharp disagreements within the coalition government. Coalition partners derailed his budget after opposing his plan to raise value-added-tax (VAT),

The Treasury secretary is the second top U.S. official to boycott the Group of 20 gatherings because of rising tension with South Africa over its land policies.

The government is scrambling for extra revenue to keep a lid on South Africa’s growing debt burden while continuing to fund the machinery of state amid rising healthcare and social services costs and a public sector wage hike.

Officials say pro-business Democratic Alliance and senior figures in African National Congress objected to VAT rise

The South African government's annual presentation of its budget was abruptly canceled Wednesday and rescheduled for next month over a dispute among parties in the governing coalition. The finance minister's budget speech normally takes place in February.