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RSA Budget 2022 Highlights

RSA Budget 2022 Highlights

February 18, 2024February 25, 2022 by Staff Writer

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.
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