State records €3.5bn budget surplus in final quarter of 2021 | Business Post

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 71%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

State records €3.5bn budget surplus in final quarter of 2021, taaffems reports.

A series of budget deficits were recorded during the pandemic years. Picture: Simon Dawson/Bloomberg

The state’s pandemic era deficits turned to a surplus in the last three months of 2021 thanks to high tax takes and reduced spending on pandemic expenses. State spending was less than revenue to the tune of €3.5 billion during the time frame, according to figures from the Central Statistics Office . A total of €31.5 billion was taken in while €27.7 billion was spent from October to December 2021, bucking a Covid-19 pandemic...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines