National Treasury

Welcome to the National Treasury Website
The National Treasury is responsible for managing South Africa's national government finances.

Supporting efficient and sustainable public financial management is fundamental to the promotion of economic development, good governance, social progress and a rising standard of living for all South Africans. The Constitution of the Republic (Chapter 13) mandates the National Treasury to ensure transparency, accountability and sound financial controls in the management of public finances. (more)

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Latest News

22 Sep

Media Statement: Medium-Term Budget Policy Statement to be Tabled on 12 November 2025

(250kb)

21 Sept

Speech by Deputy Minister of Finance Ashor Sarupen at the International FIDIC Global Infrastruture Conference

(256kb)

15 Sep

	Media Advisory: Media registration Is open for 8th Session of The African Union Commission’s Specialized Technical Committee (STC)	(422kb)
	Speech by Deputy Minister of Finance Ashor Sarupen at the Global SME Finance Forum	(283kb)
	Speech by Deputy Minister of Finance Dr David Masondo at The RMB Morgan Stanley 2025 Investor Conference .	(258kb)

12 Sep

	Media Statement: Government’s response to the rating action of Fitch Ratings (Fitch)	(352kb)
	Media Statement: Treasury Holds First Round Of Workshops On Fiscal Anchors, Broad Public Engagement to Follow	(340kb)
	Fiscal Anchors Workshop Presentation	(1,297kb)
	Media Statement: First Quarter Provincial Budgets and Expenditure Report	(539kb)

09 Sep

Keynote Address by Deputy Minister of Finance, Dr David Masondo, at the Moneyweb Economy and Investing Summit

(412kb)

05 Sep

Media Statement: Minister of Finance Announces New Board Appointments for Land and Agricultural Development Bank

(412kb)

03 Sep

	Media Statement: Retraction of the Proposal in Respect of the Definition of a Hybrid Equity Instrument in the 2025 Taxation Laws Amendment Bill	(265kb)
	Renewable Energy Tax Incentives Survey Report	(1,365kb)

02 Sep

Provisional Financing Figures as at 31 August 2025

(369kb)

01 Sep

	Media Advisory: Reminder - National Treasury Invites Media to Virtual Workshop on Smart Meters Project	(249kb)
	Media Statement - South Africa’s Inflation Target	(261kb)

29 Aug

	Statement of the National Revenue, Expenditure and Borrowing as at 31 July 2025
	SARS Debt Collection Data	(42kb)

28 Aug

Media Advisory: National Treasury Invites Media to Virtual Workshop on Smart Meters Project

(261kb)

25 Aug

Media Statement - Minister of Finance, MR Enoch Godongwana, Replaces Suspended GPAA CEO with Acting Head, Launches Probe into Procurement

(372kb)

19 Aug

Media Advisory: Knowledge Sharing Webinar

(279kb)

18 Aug

Updated: Invitation to particate in the Macro-Fiscal workshop

(275kb)

16 Aug

	Media Statement: Publication of the 2025 Draft Tax Bills and Draft Regulations for comment	(479kb)
	2025 Draft Tax Bills and Draft Regulations for comments

14 Aug

Speech by Deputy Minister of Finance Ashor Sarupen, at the BLSA Reform Tracker Launch

(253kb)

12 Aug

Media Statement: Money Smart Week South Africa 2025 Virtual Launch

(120kb)

04 Aug

Provisional Financing Figures as at 31 July 2025

(370kb)

1 Aug

	Media Statement: Outcome Statement on the African Consultative Meeting on South Africa’s Legacy Initiative	(485kb)
	Media Statement: Minister of Finance Enoch Godongwana's Statement on Inflation Targeting	(352kb)
	Media Statement: Enhancing South Africa's Approach to Disaster Risk Insurance	(352kb)
	Municipal DRF Approaches in SA	(1,459kb)
	Annexure A Disaster Response Financing Strategy	(725kb)

31 Jul

	Media Statement: FATF Africa Joint Group Concludes on-site Assessment Visit of South Africa	(265kb)
	Speech by Deputy Minister of Finance Dr David Masondo at the Launch of Independent Transmission Projects RFQ	(237kb)

30 Jul

	Statement of the National Revenue, Expenditure and Borrowing as at 30 June 2025
	SARS Debt Collection Data	(42kb)

28 Jul

	Remarks by Deputy Minister of Finance Dr David Masondo at the Africa Consultative Meeting on South Africa’s Legacy Initiative to Accelerate Cross Border Infrastructure in Africa	(319kb)
	Media Statement: €500 Million Public Policy Loan to Support the Just Energy Transition via KFW Development Bank	(336kb)

25 Jul

Media Statement: Call for Proposals on Innovative Foreign Currency Financing Solutions for 2025-26

(434kb)

24 Jul

	Media Statement: African Development Bank's Development Policy Loan	(269kb)
	Remarks by Deputy Minister Mr Ashor Sarupen at the FW de Klerk Foundation's Constitutional Rights Conference	(247kb)

23 Jul

	Media Statement: 2026 MTEF Technical Guidelines	(398kb)
	2026 MTEF Guidelines	(1,233kb)
	2026 MTEF Guidelines for Provinces	(1,970kb)
	Media Statement: Malware Intrusion on National Treasury’s Infrastructure Reporting Model Website	(262kb)

21 Jul

	Media Statement: Demarcation Regulations 2025	(259kb)
	Annexure A - Regulation 7.2(2) (LTIA)	(127kb)
	Annexure B - Regulation 7.2(2) (STIA)	(131kb)

20 Jul

Media Statement: Head of the Navy, Admiral Monde Lobese’s Remarks on the Budget of the South African National Defence Force (SANDF)

(357kb)

18 Jul

	Media Statement: Third Meeting of G20 Finance Ministers and Central Bank Governors	(417kb)
	3rd G20 FMCBG Communique	(670kb)

17 Jul

Opening Remarks by Minister of Finance Mr Enoch Godongwana at the third G20 Finance Ministers & Central Bank Governors Meeting

(235kb)

14 Jul

Director-General Duncan Pieterse Remarks at G20 Finance and Central Bank Deputies Meeting

(352kb)

10 Jul

	Media Statement: Operation Vulindlela Progress Report Q1 2025-26	(377kb)
	Operation Vulindlela Progress Report Q1 2025-26	(1,141kb)

08 Jul

	Minister Of Finance, Enoch Godongwana Speech - Budget Vote 2025 July 2025	(326kb)
	Budget Vote Speech by Deputy Minister Mr Ashor Sarupen	(296kb)

07 Jul

	Media Advisory: National Treasury Budget Vote 2025	(258kb)
	Annual Report - Non-Compliance with Payments of Supplier's Invoices - 2024-25	(1,907kb)

02 Jul

Provisional Financing Figures as at 30 June 2025

(367kb)

01 Jul

Remarks by Deputy Minister Dr David Masondo at the UN International Conference on Financing for Development

(227kb)

30 Jun

	Statement of the National Revenue, Expenditure and Borrowing as at 31 May 2025
	Media Statement: Publication of SARS Debt Collection Data	(260kb)
	SARS Debt Collection Data	(42kb)

26 Jun

Media Statement: Appointment of Ms Tshepiso Moahloli as NDB Director General

(267kb)

24 Jun

Remarks by Deputy Minister of Finance Dr David Masondo at the SAI20

(291kb)

23 Jun

Media Statement: South Africa and the World Bank Sign US$1.5 Billion Development Policy Loan Agreement

(276kb)

18 Jun

	Reminder Media Advisory: Accreditation Open for G20 July FMCBG Meetings	(271kb)
	Media Statement: Q3 Local Government Revenue and Expenditure Report	(421kb)
	Annexure A - Media Statement - Q3 Local Government Revenue and Expenditure Report	(663kb)

13 Jun

Media Statement: FATF Greylisting Progress Update for South Africa June 2025

(449kb)

06 Jun

	Media Statement: Money Smart Week (MSW) SA 2025	(155kb)
	Media Statement: Independent Transmission Programme	(197kb)

05 Jun

	Speaking Notes by Deputy Minister of Finance Mr Ashor Sarupen at the 2025 OECD Economic Survey of South Africa	(86kb)
	OECD Economic Surveys of South Africa 2025	(4,689kb)

03 Jun

	Provincial Budgets and Expenditure Review 2020-21 - 2026-27	(5,443kb)
	Provisional Financing Figures as at 31 May 2025	(249kb)

02 Jun

	Fuel Levy Increase Answering Affidavit by Minister of Finance
	Case No: 2025-078807 - Main Court document	(3,136kb)
	Annexure 01	(1,130kb)
	Annexure 02	(460kb)
	Annexure 03	(318kb)
	Annexure 04	(742kb)

	Speech by Deputy Minister Dr David Masondo at the SA Financial Sector Competitiveness Lekgotla	(335kb)
	Reminder Media Advisory: Launch of Economic Survey of SA	(229kb)

30 May

Statement of the National Revenue, Expenditure and Borrowing as at 30 April 2025

29 May

Media Statement: Appointment of Three New DDGs

(241kb)

28 May

Media Advisory: Launch of OECD Economic Survey of South Africa 2025

(230kb)

26 May

	Media Statement: National Treasury Invites Bids for Structured Debt Advisory to Support the RSA Retail Bonds Programme	(240kb)
	Media Advisory: G20 Finance and Central Bank Deputies Meeting (14 - 15 July) and Finance Ministers and Central Bank Governor's Meeting (17 - 18 July)	(240kb)

21 May

Budget 2025

19 May

	Opening Remarks by Deputy Minister of Finance, Dr David Masondo at the 2nd G20 Global Partnership for Financial Inclusion (GPFI) Plenary Meeting	(182kb)
	Tax Acts, Regulations and EMs

16 May

Media Statement: Government's Response to S&P Global Ratings

(273kb)

15 May

Speech by Deputy Minister of Finance Dr David Masondo at the RMB Think Summit 2025

(233kb)

12 May

Media Statement: National Treasury's Global Investor Call Post 2025 May Budget Tabling

(284kb)

07 May

	Speaking Notes by Minister of Finance at the Operation Vulindlela Phase II Launch	(112kb)
	Opening Remarks - NT Director-General at Operation Vulindlela Phase II Technical Briefing	(227kb)
	Overview of Operation Vulindlela Phase II	(920kb)
	2025 Operation Vulindlela - Phase II_Factsheet	(4,503kb)
	Media Advisory: 2025 Budget Lockup Registration	(188kb)

05 May

Provisional Financing Figures as at 30 April 2025

(245kb)

02 May

	Media Advisory: Operation Vulindlela Phase II technical briefing	(187kb)
	Media Statement: Investor Engagements Close-Out Period: 02 May - 20 May 2025	(232b)

30 Apr

	Statement of the National Revenue, Expenditure and Borrowing as at 31 March 2025
	Media Statement: 2025 Budget Review	(349b)
	Media Statement: New Jobs Fund Funding Round to Address Employment Barriers in Green and Informal Economies	(325b)

29 Apr

Media Advisory: National Treasury Media Briefing - 2025 Budget Process

(186b)

27 Apr

	Media Statement: Minister of Finance Consents to Order Suspending Decision to Increase VAT to 15,5%	(287kb)
	VAT court papers	(390kb)

24 Apr

	Media Statement: 2nd Meeting of G20 Finance Ministers and Central Bank Governors Concluded	(217kb)
	Media Statement on the reversal of the vat rate increase	(370kb)

17 Apr

Answering Affidavit of the Minister of Finance

(13,114kb)

11 Apr

Media Advisory: 2nd Finance Ministers and Central Bank Governors Meeting Press Conference

(227kb)

08 Apr

	National Treasury Annual Performance Plan 2025-2026	(7,298kb)
	National Treasury Strategic Plan 2025-2030	(6,998kb)

02 Apr

	Media Statement: Update on Government Spending Pending Enactment of the 2025/26 Appropriation Act	(327kb)
	Provisional Financing Figures as at 31 March 2025	(257kb)

28 Mar

	Media Statement: Second Quarter Local Government Revenue and Expenditure Report	(404kb)
	Annexure A: Second Quarter Local Government Revenue and Expenditure Report	(584kb)
	Statement of the National Revenue, Expenditure and Borrowing as at 28 February 2025
	National Treasury presentation to the Standing and Select Committees on Finance	(1,562kb)

26 Mar

	Media Statement: South Africa's Green Finance Taxonomy	(363kb)
	South Africa's Green Finance Taxonomy	(8,360kb)

20 Mar

	Media Advisory: From Your Pocket To Public Services Tracking Municipal Budgets Webinar	(234kb)
	Non-Compliance with Payments of Suppliers Invoices Within 30 Days - Quarter 3 - 2024-25	(1,117kb)

13 Mar

Media Statement: Impact of CPI Rebasing and Re-weighting on Inflation-linked Government Bonds

(240kb)

12 Mar

	Budget 2025
	Media Statement: Africa Expert Panel	(342kb)
	2025 G20 - Africa Experts Panelists	(635kb)
	2025 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill	(401kb)

10 Mar

	Media Advisory: Budget Outreach Programme at Athlone High School	(268kb)
	Media Statement: Notice of Issuance of a Circular for Consideration of Proposals by the Budget Facility for Infrastructure (BFI)	(436kb)

07 Mar

Media Statement: National Treasury’s Global Investor Call Post 2025 Budget Tabling

(364kb)

04 Mar

Provisional Financing Figures as at 28 February 2025

(255kb)

28 Feb

Statement of the National Revenue, Expenditure and Borrowing as at 31 January 2025

27 Feb

G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting - Final Chair Summary

(209kb)

26 Feb

Media Advisory: G20 Finance Track Outreach to a School in Cape Town

(171kb)

21 Feb

Media Statement: FATF Greylisting Progress Update for South Africa

(476kb)

19 Feb

Media Statement: Update on Budget Documents

(232kb)

13 Feb

	Media Statement: National Treasury Regulation 16 Amended	(337kb)
	Amendments to PFMA Treasury Regulation 16 Notice	(364kb)

11 Feb

Media Statement: National Treasury’s Global Investor Call Post 2025 Budget Tabling

(364kb)

07 Feb

G20 Funding Guidelines

(303kb)

04 Feb

Provisional Financing Figures as at 31 January 2025

(254kb)

03 Feb

	2025 Budget Tips Leaflet - English	(662kb)
	2025 Budget Tips Leaflet - Afrikaans	(652kb)
	2025 Budget Tips Leaflet - Xhosa	(661kb)
	2025 Budget Tips Leaflet - Sepedi	(662kb)
	2025 Budget Tips Leaflet - Sotho	(661kb)
	2025 Budget Tips Leaflet - Tsonga	(662kb)
	2025 Budget Tips Leaflet - Zulu	(661kb)

30 Jan

	Media Statement: Article IV Report on South Africa	(372kb)
	South Africa - 2024 - Article IV Consultation - Bundle	(5,605kb)
	Statement of the National Revenue, Expenditure and Borrowing as at 30 December 2024

28 Jan

	Media Advisory: 2025 Budget Lockup Registration	(217kb)
	Media Advisory: 2025 Budget Tips	(249kb)

27 Jan

Media Advisory: Accreditation Open for the February G20 FMCBG Meetings

(246kb)

16 Jan

	Opening Address by the Minister of Finance at the Pre-World Economic Forum (WEF) Briefing Session	(209kb)
	Media Statement: Investor Engagements Close-Out Period	(263kb)
	Media Statement: Ithala Liquidation	(191kb)

03 Jan

Provisional Financing Figures as at 31 December 2024

(335kb)

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