Herewith the RSA Budget 2022 Highlights in PDF form as provided by the National Treasury for your convenience. The main points are:
- The Government expects to achieve a primary surplus – where revenue exceeds non-interest expenditure – by 2023/24. In 2024/25, the main budget non-interest expenditure will grow slightly above CPI inflation.
- The consolidated budget deficit is projected to narrow from 6 percent of GDP in 2022/23 to 4.2 percent of GDP in 2024/25.
- Gross loan debt will stabilise at 75.1 percent of GDP in 2024/25.
- Debt service costs consume an increasing share of GDP and revenue. They are expected to average R333.4 billion a year.
- Tax revenue strengthened significantly in recent months and is expected to reach R1.55 trillion for 2021/22, well above projections.