Budget 2024 | 'Bracket creep' and the other big tax announcements

Fears that government would hike personal income tax or VAT in this year's Budget proved unfounded. But taxpayers will still be hit in different ways to help plug fiscal holes.

Government is struggling with ballooning debt payments, while its spending – especially on civil servant wages – has also soared in recent years.

Meanwhile, its tax revenue for the past year was R56 billion less than it expected a year ago.