Question NW1495 to the Minister of Finance
13 July 2023 - NW1495
Zungula, Mr V to ask the Minister of Finance
What was the total percentage of spending by the National Treasury on small-medium and micro enterprises versus big businesses in the 2021-22 financial year?
Reply:
It is not possible to answer this question accurately as the payment system does not contain such classifications for size of business. What we can provide is our own estimate, which is that the total percentage of spending by the National Treasury on small-medium and micro enterprises is estimated to be 20% versus big businesses at 80% for all transactions in the 2021-22 financial year.