On July 16, 2025, South African President Cyril Ramaphosa presented the Presidency Budget Vote for the 2025/2026 financial year before the National Assembly at the Good Hope Chambers in Parliament, Cape Town. The budget reflects the priorities of the seventh administration, focusing on promoting inclusive growth, job creation, and poverty reduction. During his address, Ramaphosa highlighted progress made in the energy sector, particularly efforts to reduce the severity and frequency of load shedding through collaboration with stakeholders. He also emphasized the importance of strengthening South Africa's relations with the United States, which remains a key investment and trading partner. The budget vote was followed by a debate among Members of Parliament. On July 17, President Ramaphosa responded to the debate, reiterating the budget's focus on economic growth, job creation, and diversifying export markets. He described a vote in support of the budget as a vote to strengthen the core functions of government.