National Budget of South Africa

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 ^[1] . 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.

2025 South African National Budget

Budget Overview 2025 (RP211/2025)
Passed	21 May 2025
Parliament	28th South African Parliament
Finance minister	Enoch Godongwana
Total revenue	R2.2 trillion(US$148.86 billion) (2025) [2]
Total expenditures	R2.58 trillion(US$174.47 billion) (2025) [2]
Program Spending	R2.15 trillion(US$145.63 billion) (2025) [2]
Debt payment	R426.3 billion(US$28.84 billion) (2025) [2]
Deficit	R377.9 billion(US$25.57 billion) - 17.2% (Revenue Deficit) (2025) [2]
Debt	77.4% GDP (2025) [2]
GDP	R7.34 trillion(US$496.35 billion) (2024) [2]
Website	http://www.treasury.gov.za/

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] [2]}

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] [2]}

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

• Economy Of South Africa
• Government of South Africa
• National Debt of South Africa

References

1. "BUDGET REFORM AND MEDIUM TERM FISCAL POLICY.pdf" (PDF). 1998.
2. "Budget Overview 2025.pdf" (PDF).
3. "2017 Budget Highlights" (PDF). National Treasury. 2017. Retrieved 30 June 2022.
4. "2018 Budget Highlights" (PDF). National Treasury. 2018. Retrieved 30 June 2022.
5. "2019 Budget Highlights" (PDF). National Treasury. 2019. Retrieved 30 June 2022.
6. "2020 Budget Highlights" (PDF). National Treasury. 2020. Retrieved 30 June 2022.
7. "2021 Budget Highlights" (PDF). National Treasury. 2021. Retrieved 30 June 2022.
8. "2022 Budget Highlights" (PDF). National Treasury. 2022. Retrieved 30 June 2022.
9. "2023 Budget Highlights" (PDF). National Treasury. 2023.
10. "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).