The amount collected was R14.6bn short of the revised estimate announced in February, but represents growth of R71.2bn from what was collected in 2017/2018
The SA Revenue Service has once again undershot the Treasury’s revenue target.
Compared with the initial estimate of R1.345-trillion, this results in a deficit of R 57.4bn, or 4.3%. Economic weakness has reduced personal income tax and corporate income tax receipts in the past year, but administrative weakness in collection was a contributing factor, the Treasury said in the budget review.
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