Government revenue has been growing at a rate of 8.1% p.a. over the past decade, compared with an inflation rate of 5.4% over this period. The effect of a higher economic growth rate during the mid-2000s which caused real national income levels to also accelerate, has now all but disappeared. As a result, improved tax collection efficiency is relied upon to increase revenue collections.
Subscribers to EasyData can download the complete report in PDF format on www.easydata.co.za.