Weak economy and shrinking tax base cast doubt on NHI, says report
Research commissioned by organised business warns that R200bn would be ‘very difficult’ to raise
19 February 2024 - 20:04
SA’s weak economic growth and declining tax base call into question the feasibility of the health department’s plan to raise R200bn in taxes to fund National Health Insurance (NHI), warns a report commissioned by organised business.
The total number of taxpayers assessed by the SA Revenue Service declined from close to 5.9-million in 2018 to 5.5-million in 2021, and just 9% of the population paid 40% of SA’s total tax revenue in 2020, shows the report by consulting firm FTI Consulting...
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