Nene says outlook for tax revenues unchanged

Finance Minister Nhlanhla Nene said on Tuesday that the outlook for tax revenues remain unchanged.

FILE: Finance Minister Nhlanhla Nene. Picture: GCIS

CAPE TOWN - Finance Minister Nhlanhla Nene said on Tuesday that the outlook for tax revenues remain unchanged, in a blow to the chances of reducing the budget deficit.

Nene made the comments in parliament.

Treasury Director-General Dondo Mogajane said earlier this month that South Africa will struggle to raise the tax revenues needed to reduce a budget deficit and support fragile economic growth due to ongoing problems in tax administration.