{"id":125305,"date":"2016-06-01T12:39:19","date_gmt":"2016-06-01T10:39:19","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=125305"},"modified":"2016-06-01T12:39:19","modified_gmt":"2016-06-01T10:39:19","slug":"this-is-what-government-bought-with-your-tax-money-in-2015","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/125305\/this-is-what-government-bought-with-your-tax-money-in-2015\/","title":{"rendered":"This is what government bought with your tax money in 2015"},"content":{"rendered":"

Stats SA has released the financial report for National Government for the 2014\/15 financial year, revealing where all your tax money is being spent.<\/p>\n

According to the report, an increase in tax collection in the past financial year led to a total income of R1.02 trillion, with taxes accounting for R986 billion of that figure, with the balance coming from grants and other sources.<\/p>\n

The biggest government expense is in grants – financial awards to various programmes, business and otherwise, that are non-repayable – took a massive R685 billion chunk of available funds.<\/p>\n

This is followed by social benefits (R126 billion) and employee compensation (R123 billion) which were the next biggest expenses by national government.<\/p>\n

After interest, subsidies, purchases and other payments are taken into account, national government started the new financial year with a net outflow of R150 billion, R2.2 billion more than the start of the 2014\/15.<\/p>\n

Taking into account the cash flows from other financing activities – such as a net inflow of R181.5 billion worth of incurred liabilities and the acquisition of R4.1 billion worth of assets – national government’s\u00a0net change in stock increased to\u00a0R12.4 billion for the year.<\/p>\n

\"Government<\/a><\/p>\n

Purchases<\/strong><\/p>\n

National government purchases amounted to R63.3 billion in the 2014\/15 financial year. The biggest expense listed in the report is on “other structures” at R6.97 billion, with the department of justice and Constitutional development racking up the highest bill.<\/p>\n

Non-residential buildings drew a bill of R3.44 billion, followed by transport equipment of R2.1 billion.<\/p>\n

The graph below details how much government spent on these purchases:<\/p>\n

\"Government<\/a><\/p>\n

More on government<\/h3>\n

We will take your profit and throw you in jail for BEE fronting: government<\/a><\/strong><\/p>\n

SA government blowing millions every month on empty buildings<\/a><\/strong><\/p>\n

Government \u2018secretly\u2019 sold off R5 billion worth of SA oil reserves \u2013 and got ripped off<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Stats SA has released the financial report for National Government for the 2014\/15 financial year, revealing where all your tax money is being spent.<\/p>\n","protected":false},"author":10,"featured_media":20450,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[25,10333],"class_list":["post-125305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government","tag-active","tag-government"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/125305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=125305"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/125305\/revisions"}],"predecessor-version":[{"id":125325,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/125305\/revisions\/125325"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/20450"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=125305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=125305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=125305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}