Minister of Finance and the National Treasury team is currently briefing Parliament of RSA Joint Meeting of the Standing and Select Committees on Appropriations and Finance on the 2023 Budget. Watch here: bit.ly/3xSRuJn

#Budget2023 #BudgetSpeech Minister of Finance, Enoch Godongwana, Deputy Minister David Masondo, PhD, Acting DG Ismail Momoniat, and SARS Commissioner Edward Chr Kieswetter

#Budget2023 #BudgetSpeech Team National Treasury earlier today ahead of the 2023 Budget Tabling at the Cape Town City Hall. Access the full speech and documentation here: bit.ly/3So7exN

#Budget2023 Minister of Finance today delivered the Budget Speech. Access the speech here: bit.ly/3So7exN

#Budget2023 The Sources of Government Income in 2023/24.

Minister of Finance: Local government allocations will increase by a total of R14.3 billion, made up of R8.1 billion in the local government equitable share and R6.2 billion in direct conditional grants. This takes the total direct allocation to R522 billion over the same period.

Minister of Finance: The 2023 Budget increases allocations for all 3 spheres of government, to assist with urgent spending pressures. Relative to the 2022 Budget, direct provincial allocations increase by R92.7 billion, to R2.17 trillion over the medium term. #BudgetSpeech2023

Minister of Finance: The FATF Plenary will make its decision later this week on whether or not to put South Africa under increased monitoring, otherwise known as grey listing. We should be prepared for that possibility. #BudgetSpeech2023

Minister of Finance: Addressing the FATF issues is part of the broader fight against corruption, crime, state capture and the deliberate weakening of the institutions of law and order in our country. #BudgetSpeech2023

#Budget2023 The Allocation of Social Grants.

Minister of Finance: In relation to the recent floods and the national disaster declared in various provinces, R695 million is available in this financial year for immediate relief. A further R1 billion will be available next year. #BudgetSpeech2023 #Budget2023

Minister of Finance: Nevertheless, this and future wage negotiations must strike a balance between fair pay, fiscal sustainability, and the need for additional staff in frontline services. #BudgetSpeech2023

Minister of Finance: Nevertheless, this and future wage negotiations must strike a balance between fair
pay, fiscal sustainability, and the need for additional staff in frontline services. #BudgetSpeech2023

Minister of Finance: R1 billion is allocated to South African Airways to assist the carrier with the business
rescue process. The South African Post Office is allocated R2.4 billion. #BudgetSpeech2023

Minister of Finance: The Bill proposes an allocation of R45.6 billion to provide for the carry-through costs
of the 2022/23 public-service wage increase. #BudgetSpeech2023

Minister of Finance: The National Prosecuting Authority receives R1.3 billion to support the implementation of the recommendations of the State Capture Commission and the Financial Action Task Force. #BudgetSpeech2023

Minister of Finance: We have allocated R14 billion over the medium term to fight crime and corruption #BudgetSpeech2023

Minister of Finance: R23 billion and R22 billion will be allocated to health and basic education respectively, to cover the shortfall in compensation budgets and to improve services. #BudgetSpeech2023

Minister of Finance: The child support grant rises from R480 to R510 on 1 October 2023, while the foster care grant increases from R1070 to R1130 over the same period. #BudgetSpeech2023

Minister of Finance: The old age and disability grants increase by R90 on 1 April 2023 and a further R10 on 1 October 2023. The result is a total increase to R2090. #BudgetSpeech2023