SARB updates Quarterly Bulletin tables for government finance
The South African Reserve Bank (SARB) has published changes to the National Government Finance tables in its Quarterly Bulletin. These revisions clarify reporting methodologies for revenue and expenditure, impacting data comparability.
Shifting the reporting basis
The South African Reserve Bank has revised its National Government Finance tables.
A key change is the shift from bank statement to cash book transactions for reporting revenue and expenditure since April 2000.
This impacts data comparability for periods before April 2000.
Total revenue also included amounts in transit before this methodological update.
Evolving tax classifications
The SARB has also clarified several tax classifications.
From April 2019, taxes on property were revised to exclude financial and capital transactions, now included under taxes on goods and services.
Transfer duties also moved to goods and services taxes from April 2019.
Earlier, from April 2014, levies on imported fuel were consolidated into the fuel levy, enhancing clarity in energy-related taxation.
Source: Changes to Quarterly Bulletin tables
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