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National Budget of South Africa

2025 South African National Budget
Budget Overview 2025 (RP211/2025)
Passed21 May 2025
Parliament28th South African Parliament
Finance ministerEnoch Godongwana
Total revenueR2.2 trillion (US$148.86 billion) (2025)[1]
Total expendituresR2.58 trillion (US$174.47 billion) (2025)[1]
Program SpendingR2.15 trillion (US$145.63 billion) (2025)[1]
Debt paymentR426.3 billion (US$28.84 billion) (2025)[1]
DeficitR377.9 billion (US$25.57 billion) - 17.2% (Revenue Deficit) (2025)[1]
Debt77.4% GDP (2025)[1]
GDPIncreaseR7.34 trillion (US$496.35 billion) (2024)[1]
Websitehttp://www.treasury.gov.za/

The National Budget of South Africa is the annual financial plan presented by the Minister of Finance to Parliament. It outlines how the government expects to raise revenue and how that money will be allocated across departments and programs for the coming financial year. The budget is built on national priorities set through medium term planning.[2] Revenue comes mainly from taxes, including personal income tax, corporate income tax, and value added tax. Spending areas include education, health, social development, and economic development. The National Treasury prepares the budget and monitors its implementation throughout the year.

National Budget

South African national government budget overview for the financial year 2025/26.

Budget Revenue

See also: Taxation in South Africa
Consolidated Budget Revenue (R billion) [3][4][5][6][7][8][9][10][1]
Fiscal Year 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26
Personal Income Tax 482.1 505.8 552.9 546.8 516.0 587.9 640.3 738.7 792.5
VAT 312.8 348.1 360.5 360.6 370.2 439.7 471.5 476.7 482.2
Corporate Income Tax 218.7 231.2 229.6 230.2 213.1 269.9 336.1 302.7 338.8
Trade & Tariffs 53.6 54.1 61.3 60.6 54.0 62.5 76.6 78.7 84.2
Other Taxes 198.3 205.8 217.9 227.2 211.8 238.4 263.0 266.2 287.9
Non-Tax Revenue 148.6 145.7 161.6 158.5 155.3 172.2 171.4 173.6 215.2
Total 1414.1 1490.7 1583.8 1583.9 1520.4 1770.6 1958.9 2036.6 2200.8

Expenditure Overview

Consolidated Government Expenditure (R billion) [3][4][5][6][7][8][9][10][1]
Fiscal Year 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26
Economic Development Economic Infrastructure and Regulation 89.5 97.9 101.3 105.3 93.1 117.5 124.9 146.1 175.5
Industrialisation And Trade 28.9 32.9 37.5 39.0 36.2 39.2 40.5 39.1 40.8
Employment and Labour 75.9 23.3 23.2 22.4 33.4 27.5 24.6 22.2 23.7
Agriculture and Rural Development 26.5 30.2 30.7 28.3 27.4 24.8 27.8 27.7 29.4
Innovation, Science and Technology 20.6 15.8 16.5 16.4 17.4 18.1 19.8 20.7 20.2
Total 241.6 200.1 209.2 211.5 207.5 227.1 237.6 255.4 289.8
Defence & Security Police Services 93.8 99.1 104.2 106.1 104.6 110.2 112.1 125.0 133.4
Defence And State Security 54.0 48.4 50.0 51.4 48.5 50.8 52.7 54.4 59.7
Law Courts And Prisons 43.8 45.4 48.4 49.6 46.7 50.0 51.4 53.5 57.2
Home Affairs 7.2 7.9 8.4 9.9 8.9 9.7 11.1 11.1 12.9
Total 198.7 200.8 211.0 217.0 208.6 220.7 227.3 244.0 263.2
Governance Public Administration And Fiscal Affairs 43.9 40.4 41.6 47.3 46.1 46.1 48.1 49.1 53.7
Executive And Legislative Organs 14.3 16.0 16.2 14.6 14.5 14.8 16.8 17.0 17.8
External Affairs 12.4 7.6 7.6 8.2 7.9 8.3 8.4 8.5 9.1
Total 70.7 64.0 65.3 70.0 68.4 69.2 73.6 74.7 80.7
Education & Culture Basic Education 216.7 230.4 250.4 248.6 255.1 282.8 293.7 303.0 329.2
University Transfers 31.6 34.9 37.0 44.8 45.6 48.7 45.1 47.7 48.4
National Student Financial Aid Scheme 15.3 22.8 33.3 37.1 37.3 46.1 50.1 53.6 55.4
Skills Development Levy Institutions 21.1 19.3 21.7 21.0 21.3 21.7 24.3 28.6 27.9
Education Administration 15.8 16.8 17.6 17.8 19.6 18.0 18.5 19.4 21.6
Technical and Vocational Education and Training 7.4 10.7 12.7 13.4 13.0 12.6 13.3 13.6 14.2
Arts, Sports, Recreation and Culture 10.4 10.7 11.3 11.7 11.0 11.8 12.0 12.1 12.5
Total 320.5 351.1 386.4 396.4 402.9 441.5 457.1 480.6 505.6
Health District Health Services 83.6 90.2 98.2 102.0 105.5 115.7 113.1 120.0 130.9
Central Hospital Services 35.9 38.6 43.1 44.7 51.4 49.4 48.6 52.8 57.8
Provincial Hospital Services 32.3 34.3 36.7 37.6 44.1 42.4 40.2 47.5 48.5
Other Health Services 25.8 33.8 35.6 35.4 38.1 40.4 46.1 40.2 47.1
Facilities Management And Maintenance 9.9 8.5 8.8 10.1 9.7 11.1 11.3 11.3 11.9
Total 187.5 205.4 222.6 229.7 248.8 259.0 259.2 271.9 296.1
Local Development & Infrastructure Municipal Equitable Share 72.9 62.7 69.0 74.7 78.0 87.3 96.5 101.2 106.1
Human Settlements, Water And Electrification Programmes 52.8 56.5 56.4 55.7 52.9 58.7 61.7 59.0 58.0
Public Transport 44.1 38.6 43.6 44.7 45.0 47.4 53.2 57.2 63.8
Other Human Settlements And Municipal Infrastructure 26.0 38.5 39.6 37.2 42.9 42.9 48.2 47.7 52.6
Total 195.8 196.3 208.5 212.3 218.8 236.3 259.7 265.3 280.4
Social Development Social Security Funds 66.0 71.3 88.0 105.9 84.2 92.4 89.0 99.5
Old-Age Grant 64.5 70.5 77.0 83.1 86.5 92.1 99.1 107.0 117.4
Child-Support Grant 56.3 60.6 65.0 69.8 73.3 77.2 81.9 85.8 90.4
Provincial Social Development 19.2 20.6 22.3 23.3 23.6 22.0 21.4 22.0 23.3
Disability Grant 21.2 22.1 23.1 24.4 23.6 24.7 26.8 29.2 30.2
Other Grants 10.7 9.7 10.1 10.6 12.2 54.3 46.0 44.2 46.7
Policy Oversight And Grant Administration 8.3 9.8 9.6 10.0 10.2 9.9 10.9 10.1 12.6
Total 180.0 259.4 278.4 309.2 335.3 364.4 378.5 387.3 420.1
Debt-Service Costs 162.4 180.1 202.2 229.3 269.7 301.8 340.5 382.2 426.3
Contingency Reserve 6.0 8.0 13.0 5.0 12.0 10.0 5.0 5.0 5.0

Provincial Budgets

FY 2025/26 Budget Overview by Province (R 000)[11][12][13][14][15][16][17][18][19]
Sector Province
Eastern Cape Free State Gauteng Kwazulu-Natal Limpopo Mpumalanga North West Northern Cape Western Cape
Agriculture 2,577,809 883,720 647,304 2,757,443 1,909,803 1,644,634 1,218,610 793,016 1,021,484
Economic Development, Tourism and the Environment 1,815,756 705,641 2,223,973 3,606,998 2,079,629 1,324,261 1,013,489 340,394 1,184,949
Education 44,636,479 18,889,391 68,000,575 66,690,206 42,529,435 28,732,641 22,894,639 8,886,543 33,259,103
Health 31,652,682 14,187,504 67,042,497 56,211,801 26,073,702 19,750,974 17,040,332 6,868,747 32,007,601
Local Government and Housing 3,535,562 1,726,680 6,280,116 5,481,030 2,573,445 2,360,127 2,529,739 1,068,064 10,267,651
Office of the Premier 1,519,072 633,571 1,505,486 817,875 554,810 493,827 519,498 302,262 2,012,784
Provincial Legislature 750,510 317,306 1,200,122 850,796 671,660 549,137 522,583 222,825 269,189
Provincial Treasury 519,185 384,032 787,853 710,190 512,897 647,494 695,181 373,638 359,755
Public Works, Roads and Transport 8,797,777 6,088,777 17,288,201 16,140,272 8,651,421 8,021,174 6,653,848 2,723,605 3,976,946
Social Development 3,115,648 1,373,855 5,458,504 3,613,297 2,294,866 1,877,527 1,876,413 1,002,757 2,725,610
Sport, Arts and Culture 1,079,768 666,075 1,013,402 1,598,141 877,492 812,298 776,063 457,814 958,692
Total 100,000,249 45,856,552 171,448,033 158,478,049 88,729,158 66,214,094 55,740,395 23,039,665 88,043,764

See also

References

  1. ^ a b c d e f g h i "Budget Overview 2025.pdf" (PDF).{{cite web}}: CS1 maint: url-status (link)
  2. ^ "BUDGET REFORM AND MEDIUM TERM FISCAL POLICY.pdf" (PDF). 1998.
  3. ^ a b "2017 Budget Highlights" (PDF). National Treasury. 2017. Retrieved 30 June 2022.
  4. ^ a b "2018 Budget Highlights" (PDF). National Treasury. 2018. Retrieved 30 June 2022.
  5. ^ a b "2019 Budget Highlights" (PDF). National Treasury. 2019. Retrieved 30 June 2022.
  6. ^ a b "2020 Budget Highlights" (PDF). National Treasury. 2020. Retrieved 30 June 2022.
  7. ^ a b "2021 Budget Highlights" (PDF). National Treasury. 2021. Retrieved 30 June 2022.
  8. ^ a b "2022 Budget Highlights" (PDF). National Treasury. 2022. Retrieved 30 June 2022.
  9. ^ a b "2023 Budget Highlights" (PDF). National Treasury. 2023.
  10. ^ a b "2024 Budget Highlights" (PDF). National Treasury. 2024.
  11. ^ "BUDGET SPEECH EASTERN CAPE 2025/26.pdf" (PDF).
  12. ^ "2025 MTEF BUDGET FREE STATE PROVINCIAL BUDGET SPEECH.pdf" (PDF).
  13. ^ "2025/2026 BUDGETOF THE GAUTENG PROVINCIAL GOVERNMENT.pdf" (PDF).
  14. ^ "2025/26 MTEF Budget in theKwaZulu-Natal Provincial Legislature.pdf" (PDF).
  15. ^ "LIMPOPO BUDGET SPEECH" (PDF).
  16. ^ "PROVINCIAL BUDGET FOR THE 2025/26 FINANCIAL YEARTO THE MPUMALANGA PROVINCIAL LEGISLATURE.pdf" (PDF).
  17. ^ "NORTH WEST PROVINCIAL BUDGET.pdf" (PDF).
  18. ^ "Northern Cape Budget.pdf" (PDF).
  19. ^ "WC 2025 Budget.pdf" (PDF).
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