Figures released by the Treasury outlining the government’s spending and revenue collections for December underscore the uphill climb the state faces to meet its budget targets, as the economy sputters and government spending continues apace.

Revenue collections, particularly company income tax and VAT, were slower during December, a month that typically sees a spike in corporate tax collections, according to economists. At the same time, spending by the state into December was up more than 14% year on year.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now