RSA Budget 2021 Highlights

RSA Budget 2021 Highlights

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Herewith the RSA Budget 2021 Highlights in PDF form as provided by the National Treasury for your convenience. The main points are:

  • The budget deficit revised to 14 percent of GDP in 2020/21 in response to the spending and economic pressures of the COVID-19 pandemic.
  • Gross debt has increased from 65.6 percent to 80.3 percent of GDP for 2020/21.
  • The 2021 Budget proposes measures to narrow the central budget primary deficit from 7.5 percent of GDP in the current year to 0.8 percent in 2023/24.
  • The proposed fiscal framework will stabilise the debt at 88.9 percent of GDP in 2025/26.
  • The government will roll out a free mass COVID-19 vaccination campaign for which R9 billion were allocated in the medium term.
  • Debt-service costs over the medium term are expected to average 20.9 percent of gross tax.

Alternatively, you can download a copy of the Budget Speech or the Full Budget Review documents from the National Treasury website.