Budget in five graphs

Revenue vs expenses, the budget deficit in rands and as percentages of GDP, total government debt as well as its debt-servicing costs illustrated.
Finance Minister Enoch Godongwana. Image: GCIS

Here is a breakdown of National Treasury’s 2022 Budget, in graphs.

The fiscus is vastly improved from a year ago.

Government now expects a R351 billion shortfall for the 2022/23 financial year and a primary surplus to be achieved by 2023/24.

Finance Minister Enoch Godongwana said the consolidated budget deficit is expected to narrow from 5.7% of GDP in 2021/22, to 4.2% by 2024/25.

Godongwana admitted that SA’s debt burden remains “a matter of serious concern.” Government debt reached R4.3 trillion this year and is seen rising to R5.4 trillion over the medium-term.

This debt burden incurs debt-service costs that average R330 billion annually over the MTEF.

Watch/read: Finance minister delivers the Budget 2022 speech

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  CPIThe Consumer Price Index (CPI) measures monthly changes in prices for a range of consumer products Apr 2022 5.90%
  CPI ex OERThe Consumer Price Index excluding Owners’ Equivalent Rent (CPI ex OER) measures monthly changes in prices for a range of consumer products excluding Owners’ equivalent rent that measures changes in the cost of owner-occupied housing Apr 2022 6.40%
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