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- Title
South Africa Budget: Revenue and Expenditure 2024/25.
- Abstract
The document titled "South Africa Budget: Revenue and Expenditure 2024/25" provides information on the revenue and expenditure for the upcoming fiscal year. The tax revenue for the year is projected to be R1,863.0 billion, with personal income tax contributing R738.7 billion, corporate income tax contributing R302.7 billion, value-added tax contributing R476.7 billion, and taxes on international trade and transactions contributing R78.7 billion. The main budget revenue is estimated to be R1,815.0 billion. On the expenditure side, the consolidated budget expenditure is projected to be R2.37 trillion, with social services accounting for the largest portion at R1.41 trillion, followed by economic development at R255.4 billion and peace and security at R244.0 billion.
- Subjects
SOUTH Africa; BUDGET; ECONOMIC forecasting; FOREIGN exchange reserves; INCOME tax; CORPORATE taxes; PUBLIC finance
- Publication
Africa Research Bulletin: Economic, Financial & Technical Series, 2024, Vol 61, Issue 2, p24631A
- ISSN
2053-227X
- Publication type
Article
- DOI
10.1111/j.1467-6346.2024.11530.x