Alcohol, cigarette sales ban weighed on July tax collections - data

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The reinstated alcohol sales ban and the continued ban on tobacoo products supressed excise duty collections (Getty)
The reinstated alcohol sales ban and the continued ban on tobacoo products supressed excise duty collections (Getty)

The ban on alcohol and tobacco product sales has weighed down excise duty collections for July 2020, data from National Treasury shows.

Treasury on Monday released the national government's statement on revenue, expenditure and national borrowing for July 2020.

Government finance figures have recorded a deficit of R134.5 billion year-on-year for July, this is 35% more than the R99.1 billion deficit recorded last year. Overall, the cumulative deficit grew to R260.4 billion, compared to R156.6 billion recorded during the same period last year.

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