Approve by cabinet a time-bound strategy (agreed with IMF staff) to reduce or eliminate tax expenditures.
Introduced at R0. At R2, not met. In the context of the 2017 budget, Cabinet approved a plan to rationalize profit-based corporate tax incentives and tax exemptions for financial income in 2017. However, a comprehensive multi-year plan for reducing or eliminating tax expenditures has not been adopted. This remaining step is built into the benchmarks for the 2018 and 2019 budgets.