The following is the News flash 2023-01 published by the PAGSA on January 29, 2023 regarding the Budget Review date

2023 Budget Review Date

The Budget Review is an annual event that takes place in South Africa to present the country’s budget for the upcoming year. It is typically held on the last Wednesday of February. However, there are certain circumstances in which the Budget Review date may be adjusted.

In situations where the Budget Review date is very close to 1st March, there is limited time for payroll suppliers to implement the necessary changes that are legally effective from 1st March. To address this issue, a request has been made in the past to present the Budget on the second last Wednesday of February. This request has been granted, likely with the support of other parties involved.

For the year 2023, the latest PARLIAMENTARY PROGRAMME FRAMEWORK has been released, confirming that the 2023 Budget Review will be presented on Wednesday 22 February 2023.

It is important to note that all information provided by the Payroll Authors Group of South Africa (PAGSA) is subject to their DISCLAIMER.