Finance Minister Enoch Godongwana has confirmed that tax revenue for 2023/24 is R56.1 billion lower than estimated in the 2023 budget, according to Yolandi Esterhuizen, director of Global Compliance: Product Management, Sage, and registered tax practitioner.
Godongwana tabled his Budget speech this week. Esterhuizen said the higher budget deficit means that debt-service costs in 2023/24 have been revised higher by R15.7bn.
