Finance Minister Enoch Godongwana has warned that the boom in tax revenue collection is short lived and challenges to sustain growth remain.
Minister of Finance Enoch Godongwana addresses media ahead of the 2022 Budget Speech, 23 February 2022.Minister of Finance Enoch Godongwana addresses media ahead of the 2022 Budget Speech, 23 February 2022.
Government expects to collect a minimum of R83.5 billion more revenue than budgeted for by next year. He is optimistic SARS will collect more-than-expected tax revenue in the coming financial year. He says the extra money will be used to pay long-standing debts in some SOE’s and municipalities that were affected by floods.
Meanwhile, international rating agency Moodys has listed Eskom’s outlook to positive from negative – the first time in 15 years. Government announced last week that it would take a portion of Eskom’s debt into its balance sheet.
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