R million

2017/18

2018/19

2019/20

2020/21

Budget

estimate

Revised estimate

Budget estimate

Medium term estimates

REVENUE

Estimate of revenue before tax proposals

1 285 146

Budget 2018/19 proposals:

36 000

Direct taxes

7 310

Taxes on individuals and companies

Personal income tax

7 510

Revenue from not fully adjusting for inflation

6 810

Revenue if no adjustment is made

14 155

Partial bracket creep for person income tax

-7 345

Medical tax credit adjustment

700

Corporate income tax

-350

Special economic zones

-350

Taxes on property

150

Estate duty increase

150

Indirect taxes

28 690

Increase in value-added tax

22 900

Increase in general fuel levy

1 220

Increase in excise duties on tobacco products

420

Increase in excise duties on alcoholic beverages

910

Increase in ad valorem excise duties

1 030

Increase in environmental taxes

280

Introduction of health promotion levy

1 930

Estimate of revenue after tax proposals

1 242 417

1 194 585

1 321 146

1 427 785

1 542 655

Percentage change from previous year

10.6%

8.1%

8.0%

EXPENDITURE

Direct charges against the National Revenue Fund

636 178

635 937

683 691

738 283

794 512

Debt-service costs

162 353

163 155

180 124

197 664

213 859

Provincial equitable share

441 331

441 331

470 287

505 020

542 447

General fuel levy sharing with metropolitan municipalities

11 785

11 785

12 469

13 167

14 027

Skills levy and sector education and training authorities

16 641

15 771

16 929

18 299

19 819

Other (1)

4 067

3 895

3 883

4 133

4 360

Appropriated by vote

767 038

775 993

814 509

883 980

950 815

Current payments

216 813

217 708

225 904

241 732

258 852

Transfers and subsidies

529 374

524 279

569 851

623 194

671 700

Payments for capital assets

15 831

15 078

14 297

14 346

15 349

Payments for financial assets

5 019

18 928

4 457

4 708

4 914

Provisional allocation for contingencies not assigned to votes (2)

-

-

6 000

2 308

2 125

Total

1 403 215

1 411 930

1 504 200

1 624 571

1 747 452

Plus:

Contingency reserve

6 000

-

8 000

8 000

10 000

Estimate of national expenditure

1 409 215

1 411 930

1 512 200

1 632 571

1 757 452

Percentage change from previous year

7.1%

8.0%

7.6%

2017 Budget estimate of expenditure

1 409 215

1 522 183

1 652 192

increase / decrease (-)

2 715

-9 983

-19 621

Gross domestic product

4 741 206

4 699 381

5 025 379

5 390 083

5 808 342