The National Budget of South Africa is the annual financial plan presented by the Minister of Finance to Parliament. It outlines how the government expects to raise revenue and how that money will be allocated across departments and programs for the coming financial year. The budget is built on national priorities set through medium term planning. Revenue comes mainly from taxes, including personal income tax, corporate income tax, and value added tax. Spending areas include education, health, social development, and economic development. The National Treasury prepares the budget and monitors its implementation throughout the year.
National Budget Budget Revenue
+Consolidated Budget Revenue (R billion) Fiscal Year2017–182018–192019–202020–212021–222022–232023–242024–252025–262026–27Personal income tax482.1505.8552.9546.8516.0587.9640.3738.7792.5844.8VAT312.8348.1360.5360.6370.2439.7471.5476.7482.2521.4Corporate income tax218.7231.2229.6230.2213.1269.9336.1302.7338.8364.3Trade & Tariffs53.654.161.360.654.062.576.678.784.289.0Other taxes198.3205.8217.9227.2211.8238.4263.0266.2287.9307.5Non-tax revenue148.6145.7161.6158.5155.3172.2171.4173.6215.2218.4Total1414.11490.71583.81583.91520.41770.61958.92036.62200.82345.4
Expenditure Overview +Consolidated Government Expenditure (R billion) Fiscal Year2017–182018–192019–202020–212021–222022–232023–242024–252025–262026–27Economic DevelopmentEconomic infrastructure and regulation89.597.9101.3105.393.1117.5124.9146.1175.5164.1Industrialisation and trade28.932.937.539.036.239.240.539.140.845.8Employment and labour75.923.323.222.433.427.524.622.223.713.2Agriculture and rural development26.530.230.728.327.424.827.827.729.439.5Innovation, science and technology20.615.816.516.417.418.119.820.720.221.3Total241.6200.1209.2211.5207.5227.1237.6255.4289.8283.9Defence & SecurityPolice services93.899.1104.2106.1104.6110.2112.1125.0133.4140.1Defence and state security54.048.450.051.448.550.852.754.459.759.3Law courts and prisons43.845.448.449.646.750.051.453.557.260.9Home affairs7.27.98.49.98.99.711.111.112.914.3Total198.7200.8211.0217.0208.6220.7227.3244.0263.2274.6GovernancePublic administration and fiscal affairs43.940.441.647.346.146.148.149.153.755.4Executive and legislative organs14.316.016.214.614.514.816.817.017.819.8External affairs12.47.67.68.27.98.38.48.59.19.2Total70.764.065.370.068.469.273.674.780.784.4Education & CultureBasic education216.7230.4250.4248.6255.1282.8293.7303.0329.2344.7University transfers31.634.937.044.845.648.745.147.748.450.5NSFAS15.322.833.337.137.346.150.153.655.454.3Skills development levy institutions21.119.321.721.021.321.724.328.627.930.1Education administration15.816.817.617.819.618.018.519.421.622.7Technical & Vocational education and training7.410.712.713.413.012.613.313.614.215.0Arts, Sports, Recreation and Culture10.410.711.311.711.011.812.012.112.512.9Total320.5351.1386.4396.4402.9441.5457.1480.6505.6527.2HealthDistrict health services83.690.298.2102.0105.5115.7113.1120.0130.9137.8Central hospital services35.938.643.144.751.449.448.652.857.859.7Provincial hospital services32.334.336.737.644.142.440.247.548.550.6Other health services25.833.835.635.438.140.446.140.247.150.5Facilities management and maintenance9.98.58.810.19.711.111.311.311.911.8Total187.5205.4222.6229.7248.8259.0259.2271.9296.1310.4Local Development & InfrastructureMunicipal equitable share72.962.769.074.778.087.396.5101.2106.1110.1Human settlements, water and electrification programmes52.856.556.455.752.958.761.759.058.053.6Public transport44.138.643.644.745.047.453.257.263.870.9Other human settlements and Municipal infrastructure26.038.539.637.242.942.948.247.752.659.6Total195.8196.3208.5212.3218.8236.3259.7265.3280.4294.3Social DevelopmentSocial security funds66.071.388.0105.984.292.489.099.5107.6Old-age grant64.570.577.083.186.592.199.1107.0117.4121.8Child-support grant56.360.665.069.873.377.281.985.890.489.0Provincial social development19.220.622.323.323.622.021.422.023.324.3Disability grant21.222.123.124.423.624.726.829.230.231.9Other grants10.79.710.110.612.254.346.044.246.758.6Policy oversight and grant administration8.39.89.610.010.29.910.910.112.613.4Total180.0259.4278.4309.2335.3364.4378.5387.3420.1446.6Debt-service costs162.4180.1202.2229.3269.7301.8340.5382.2426.3432.4Contingency reserve6.08.013.05.012.010.05.05.05.05.0
Provincial Budgets +FY 2025/26 Budget Overview by Province (R 000)SectorProvinceEastern CapeFree StateGautengKwazulu-NatalLimpopoMpumalangaNorth WestNorthern CapeWestern CapeAgriculture2,577,809883,720647,3042,757,4431,909,8031,644,6341,218,610793,0161,021,484Economic Development, Tourism and the Environment1,815,756705,6412,223,9733,606,9982,079,6291,324,2611,013,489340,3941,184,949Education44,636,47918,889,39168,000,57566,690,20642,529,43528,732,64122,894,6398,886,54333,259,103Health31,652,68214,187,50467,042,49756,211,80126,073,70219,750,97417,040,3326,868,74732,007,601Local Government and Housing3,535,5621,726,6806,280,1165,481,0302,573,4452,360,1272,529,7391,068,06410,267,651Office of the Premier1,519,072633,5711,505,486817,875554,810493,827519,498302,2622,012,784Provincial Legislature750,510317,3061,200,122850,796671,660549,137522,583222,825269,189Provincial Treasury519,185384,032787,853710,190512,897647,494695,181373,638359,755Public Works, Roads and Transport8,797,7776,088,77717,288,20116,140,2728,651,4218,021,1746,653,8482,723,6053,976,946Social Development3,115,6481,373,8555,458,5043,613,2972,294,8661,877,5271,876,4131,002,7572,725,610Sport, Arts and Culture1,079,768666,0751,013,4021,598,141877,492812,298776,063457,814958,692Total100,000,24945,856,552171,448,033158,478,04988,729,15866,214,09455,740,39523,039,66588,043,764
See also Economy Of South Africa Government of South Africa National Debt of South Africa
References