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COMPARING THE TREND BETWEEN SOUTH AFRICAN GOVERNMENT SPENDING AND THE INCREASE IN TAX REVENUE FOR THE COUNTRY’S TAXPAYERS

Year 2017, Volume: 9 Issue: 1, 194 - 205, 01.02.2017

Abstract

Adam Smith provides guidance through the four Canons of Taxation to assist government to
design a good tax system based on a set of principles. These principles are being applied
throughout the world, as well as in South Africa. However, the South African government has
been challenged to reduce income inequality and promote growth. This has led to an increase in
government spending.
Although literature provides information about governmental spending, spending patterns have not
been investigated. Therefore, this study followed a partially mixed sequential dominant status
design by investigating actual versus budgeted governmental tax revenue and spending, as well as
the relationship between governmental tax revenue, spending and the inflation rate. This was done
for the period of 2000 to 2007, seven years before the global financial crisis and 2008 to 2017,
seven years after the global financial crisis. Qualitative data were collected by means of a literature
study to identify the main themes. The main themes were used in the investigation of the budgets
and compared to the budget reviews. Quantitative data were analysed to determine the correlation
between governmental tax revenue, spending and the inflation rate. The findings suggest a strong
correlation between governmental tax revenue and spending but a weak correlation between the
governmental tax revenue, spending and the inflation rate.
This study will enable South African stakeholders, including the country’s residents and potential
foreign investors, to determine the trend between governmental tax revenue, spending and
inflation.

Year 2017, Volume: 9 Issue: 1, 194 - 205, 01.02.2017

Abstract

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Details

Other ID JA85PN53VS
Journal Section Research Article
Authors

Lerike Jacobs This is me

Anneke Maré Moolman This is me

Publication Date February 1, 2017
Published in Issue Year 2017 Volume: 9 Issue: 1

Cite

APA Jacobs, L., & Moolman, A. M. (2017). COMPARING THE TREND BETWEEN SOUTH AFRICAN GOVERNMENT SPENDING AND THE INCREASE IN TAX REVENUE FOR THE COUNTRY’S TAXPAYERS. International Journal of Economics and Finance Studies, 9(1), 194-205.
AMA Jacobs L, Moolman AM. COMPARING THE TREND BETWEEN SOUTH AFRICAN GOVERNMENT SPENDING AND THE INCREASE IN TAX REVENUE FOR THE COUNTRY’S TAXPAYERS. IJEFS. February 2017;9(1):194-205.
Chicago Jacobs, Lerike, and Anneke Maré Moolman. “COMPARING THE TREND BETWEEN SOUTH AFRICAN GOVERNMENT SPENDING AND THE INCREASE IN TAX REVENUE FOR THE COUNTRY’S TAXPAYERS”. International Journal of Economics and Finance Studies 9, no. 1 (February 2017): 194-205.
EndNote Jacobs L, Moolman AM (February 1, 2017) COMPARING THE TREND BETWEEN SOUTH AFRICAN GOVERNMENT SPENDING AND THE INCREASE IN TAX REVENUE FOR THE COUNTRY’S TAXPAYERS. International Journal of Economics and Finance Studies 9 1 194–205.
IEEE L. Jacobs and A. M. Moolman, “COMPARING THE TREND BETWEEN SOUTH AFRICAN GOVERNMENT SPENDING AND THE INCREASE IN TAX REVENUE FOR THE COUNTRY’S TAXPAYERS”, IJEFS, vol. 9, no. 1, pp. 194–205, 2017.
ISNAD Jacobs, Lerike - Moolman, Anneke Maré. “COMPARING THE TREND BETWEEN SOUTH AFRICAN GOVERNMENT SPENDING AND THE INCREASE IN TAX REVENUE FOR THE COUNTRY’S TAXPAYERS”. International Journal of Economics and Finance Studies 9/1 (February 2017), 194-205.
JAMA Jacobs L, Moolman AM. COMPARING THE TREND BETWEEN SOUTH AFRICAN GOVERNMENT SPENDING AND THE INCREASE IN TAX REVENUE FOR THE COUNTRY’S TAXPAYERS. IJEFS. 2017;9:194–205.
MLA Jacobs, Lerike and Anneke Maré Moolman. “COMPARING THE TREND BETWEEN SOUTH AFRICAN GOVERNMENT SPENDING AND THE INCREASE IN TAX REVENUE FOR THE COUNTRY’S TAXPAYERS”. International Journal of Economics and Finance Studies, vol. 9, no. 1, 2017, pp. 194-05.
Vancouver Jacobs L, Moolman AM. COMPARING THE TREND BETWEEN SOUTH AFRICAN GOVERNMENT SPENDING AND THE INCREASE IN TAX REVENUE FOR THE COUNTRY’S TAXPAYERS. IJEFS. 2017;9(1):194-205.