Godongwana tables R91bn budget as tax season kicks off
Finance Minister Enoch Godongwana has tabled a R91.8 billion budget for his department over the medium term.
A big chunk of the budget goes to the South African Revenue Service (SARS), with an allocation of R45.7 billion to help the taxman collect more revenue as the tax season kicks off this month.
This is an increase of R8 billion of the SARS baseline compared to the 2024 Estimate of Expenditure.
Godongwana delivered his budget vote in Parliament on Tuesday.
"Part of this increase is to improve effectiveness in revenue collection by enhancing their ability to collect debt through better systems, increasing staff capacity and modernising their processes to establish e-invoicing for VAT, instant payment systems and upgrades of customs infrastructure,” the minister said.
“In the budget, R3.422 billion is for compensation of employees, R6.983 billion on goods and services, while R78.554 billion is for transfers and subsidies.
“R89 million on payment of capital assets, and R2.786 billion on payment for financial assets.
"Honourable members, the budget vote I present today, therefore, reflects a balance between the technical and the political, the practical and the aspirational," he told MPs.
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