South Africa will find increase the tax revenues found it necessary to reduce a low cost deficit and support fragile economic growth as a consequence of ongoing problems in tax administration, the nation’s Treasury’s Director General Dondo Mogajane said on Wednesday.
“Growth wasn’t precisely what it needs to have been this past year and it won’t be for some time. Tax revenue faces challenges from the two economy and from tax administration, and raising R60 billion available as one year is going to be a tall order,” Mogajane said, talking about just how much were required to narrow this deficit.?
