GDP decline: Fewer salary increases or chances of tax relief may be on the cards
Tax relief for next year under attack He said weak economic growth means less investment and less tax revenue for government, leaving less money for tax relief and public spending while making it more expensive for the state to borrow.
Revise national accounts Stats SA said on Tuesday it is also preparing to revise its national accounts, which could change how it measures the size and growth of South Africa’s economy.
This could affect the reported size of the economy and some economic ratios, such as debt-to-GDP and tax revenue relative to GDP.
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