Tax bonanza — not debt — will pay for R39bn relief
No need to take on extra debt, says Treasury
28 July 2021 - 14:08
UPDATED 29 July 2021 - 10:24
The Treasury has announced a R38.8bn relief package for the poor and business support that will not affect the budget framework because it will not require more debt.
The package will be funded by higher-than-expected tax revenue, with R33.85bn being new money and R2.65bn funded by the reprioritisation of departmental budgets...
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.