SARS meets revenue target

SA REVENUE Services came close to meeting its revised revenue target of R303, 3 billion for the fiscal year ending 31 March 2004, according to a statement released this month. The preliminary revenue figure for the 2003/4 fiscal year is about R500 million short of the target, a SARS spokesman said.
“This means that the country’s finances are in good health. Because of good collections and proper fiscal management, government is able to borrow less, increase the money available to spend on public services and sustain our country’s fiscal sovereignty,” he said.