Treasury will achieve a primary budget surplus in 2023/24
The excess was made possible by a distribution totalling R150bn from the Gold and Foreign Exchange Contingency Reserve Account
21 February 2024 - 14:34
The Treasury will achieve a primary budget surplus in 2023/24 with debt stabilising by 2025/26, finance minister Enoch Godongwana said at a media briefing before delivering the 2024 budget speech on Wednesday.
“This year, for the first time since 2008/09, the government will achieve a primary budget surplus — meaning revenue exceeds non-interest spending,” Godongwana said...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.