Stats SA has published its annual breakdown of government spending for the 2021/22 financial year, showing exactly where taxpayers’ money is going.
Large increases in expenditure were recorded for social protection, health, and general public services as the country battled the Covid-19 pandemic, it said. At the same time, total revenue declined on the back of lower taxes received. The general government recorded a decline in total revenue in 2020/21, mainly due to decreased tax collection, it said.
Despite lower revenues, social spending increased significantly during the year. Total expenditure increased by 7.1% between 2019/20 and 2020/21, from R1.96 trillion to R2.10 trillion.Spending on social protection rose by R84 billion, from R286 billion to R370 billion. Social protection involves government intervention that is intended to mitigate the impact of social risks on households and individuals.
Poor are suffering but they live in riches
No. Wasted R140 of every R100. On corruption, looting and lack of growth resulting in HUGE debt repayments, unemployment and destruction of infrastructure.
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