South africas economic prospects are intertwined with global economic developments. Madam speaker,the budget seeks to attain a better future for. The report submitted to the government by two eminent experts on public finances, luc godbout and claude montmarquette, provided a realistic. Use our 2020 tax calculator to work out how the tax rate changes will affect your personal budget.
We seek to remake our part of the world into a corner of the globe of which all of humanity can be proud. On wednesday, 26 february, south africas minister of finance, tito mboweni, will deliver a makeor breakbudget speech, which will in all likelhood keep sas debt to gdp projections fairly similar to those of last years medium term budget policy statement mtbps. In fact, there are sections of the society who would wish me to do so, so angry. Executive summary of sas 2017 national budget speech. South african national budget speech 2016 predictions. This will be offset by lower tariffs for services provided by the national health laboratory service. The speech is shorter and tighter than gigabas previous budget speeches, as if. A muted recovery is expected to take hold only in 2015, with growth. Republic of south africa national treasury budget at a glance macroeconomic outlook summary percentage change 2014 2015 2016. The budget sets out a financial framework for implementing this vision, a framework that is sound and sustainable. The 2015 budget the 2016 budget speech by yab dato sri mohd najib tun haji abdul razak prime minister and minister of finance introducing the supply bill 2016 in the dewan rakyat friday, 23 october 2015 prospering the rakyat mr. Speaker, i beg to move that the house do now resolve into committee of supply on the estimates of revenue and expenditure for the year 1st january 2014 to.
Executive summary of sas 2017 national budget speech 24th february 2017 22nd february 2017 by alec hogg after a r30bn shortfall in last years expected tax receipts, a total swing of r38bn is budgeted in this years national budget. Here are some of the highlights from finance minister nhlanhla nenes 2015 budget speech. This, mr speaker, is the 8th budget in the current cycle of udp governance. Hereby a summary of the most significant proposals for the 20182019 budget as tabled by the minister of finance. Finance minister malusi gigabas budget speech has seen him make difficult decisions to address a revenue shortfall and to fund free higher education. Both moodys and the imf have praised our economic performance as being strong and resilient.
Please note that due to the age of these documents they may not meet current web publishing requirements and may not be compatible with some software. Similar articles are available on the stats sa website and can be accessed here. The budget process plays a role in clarifying these options, probing their costs and assessing implementation modalities. The budget update provides revised estimated financial statements relative to the budget published the previous may, including the projected outcome for the end of the current financial year and revised estimates for the forward years. A copy of the treasurers speech, delivered to parliament on 18 june 2016. A copy of the treasurers speech, delivered to parliament on 19 june 2015. Budget paper 2 budget speech pdf 442kb budget paper 3. I could easily have resorted to political bacchanal, picong and rhetoric, and the statement could have taken the form of a fiery campaign speech on a political platform. It seeks to allocate resources systematically and fairly. Presenting his maiden budget speech in parliament on wednesday, nene said the 2015 tax proposals aimed to increase revenues, limit the.
Highlights of the south african national budget speech 201516 delivered by finance minister nhlanhla nene to parliament on wednesday, cape town. He did however go ahead and with sars facing a collection shortfall of nearly r50 billion, the question on the minds. Our experts will share their insights before and after the budget announcement. Budget paper 1 budget overview pdf 627kb budget paper 2. Budget speech by the minister of finance february 2015 budget tax guide for 2015 for the 2016 year of assessment 1 march 2015 29 february 2016 please note. Spending is up, but the budget deficit is on track to be a hair lower. On 21 february 2018, finance minister malusi gigaba delivered his 2018 budget speech. It recognises that building south africa is a multidecade project that must invigorate our capacity to grow, and must include all south africans in that growth. A summary publication capturing all highlights from the 201516 budget. And it is one that is presented in very special circumstances. Contents paragraphs introduction 2 6 economic performance in 2016 7 10 economic outlook for 2017 11 21. For a monthly overview of economic indicators and infographics, catch the latest edition of the stats biz newsletter here. Finance minister pravin gordhan, who was recently reappointed by president jacob zuma, on wednesday delivered the 2016 budget speech in parliament cape town.
I am also tabling the budget plan and the accompanying documents. Speaker sir, i beg to move the bill intituled an act to apply a sum. The 2017 budget allocates funds over the mtef period to support economic growth in various programmes. A reduction in the main budget expenditure ceiling of about r25 billion over the next two years, compared with the 2014 budget baseline. Budget speech 4 20142015 x we will restore sound public finances, for the current situation is unacceptable. South african budget 201819 downloadable pdf documents. The minister of finance, tito mboweni delivered the national budget speech for 2020 on 26 february. Taxes are up vat is rising for the first time in democratic sa, bracketcreep relief has been curtailed, the fuel tax is up again.
Scroll down to also watch the video and use the provided links to jump to the parts that concern you. The charter of budget honesty act 1998 requires that a final budget outcome be released no later than three months after the end of the relevant financial year. National vision for development, to this august assembly today. A one percentage point 1% increase in vat from 14% to 15%. Although our fiscal position is constrained, there are considerable financial strengths on which south africas growth strategy can build. The deloitte africa center for corporate governance offers a number of resources for executives, directors, and. The imf has revised its forecast gdp growth for 2016 downwards by nearly half to 0.
Maintaining infrastructure investment and promoting excellence in public service delivery delivered at the meeting of the fifthsession of the 9th parliament of uganda on thursday, 11th june, 2015 by honourable matia kasaija minister of finance, planning and economic development. Medium term budget policy statement by the minister of finance october 2015. What will the 2020 budget speech mean for you and your business. The 201718 budget speech by the financial secretary, the hon paul mp chan moving the second reading of the appropriation bill 2017 wednesday, 22 february 2017. Historical budget documents are available for reference purposes. It comes, after all, barely a week after the resounding udp victory in the countrywide municipal elections.
A table showing the distribution of income earners on a 2015 and post budget 2016 basis. Budget paper 2 budget speech pdf 281kb budget paper 3. If revenue does not grow, expenditure increases cannot be sustained. Budget tax guide for 2018 for the 2019 year of assessment. Budget speech by the minister of finance february 2015. Highlights of the south africas national budget speech 201617 delivered by finance minister pravin gordhan to parliament on wednesday, cape town. Read the latest news and insights about south africas. Safeguarding south africas investmentgrade credit rating. Presentation to the parliamentary portfolio committee. How does the budget speech affect you or your business. The final budget outcome fbo encompasses australian government general government sector fiscal outcomes for the financial year and is based on external reporting standards.
Uganda and is anchored on the second national development plan. Budget speech by the minister of finance 21 february 2018. The budget we table today is a public demonstration of our commitment to resource concrete plans. A financial report presenting the state governments current and estimated future economic performance, fiscal strategy, budget priorities, expenditure, revenue, assets, liabilities, risks.
Live streaming, breaking news and analysis of south africas 2020 budget presented by minister of finance, tito mboweni. Budget 20142015 is the budget of a government in action. South african budget 201819 south african tax guide. Appropriation bill 11,579kb division of revenue bill. Then use our free online 20202021 income tax calculator to calculate your new tax rates based on your monthly salary.
The newly released nation budget for 2015 for your perusal and information. A tax pocket guide can be obtained from your nearest sars branch. We have a vision of south africa in which black and white shall live and work together as equals in conditions of peace and prosperity. President of south africa the budget speech two weeks after the state of the nation address, the minister of finance informs south africa how the priorities communicated during the state of the nation address are to be financed. Growth in south africa is projected to remain lacklustre. Taken as a whole, the 2015 16 provincial budget is an index of this administrations values and the high priority we place on serving our people and building our province. Those earning r500 000 will pay an extra r271 per month. Pocket tax guide for 2018 2 pages and ideal for printing. Summary of the budget speech 2018 22 february 2018 with cyril ramaphosa being elected as president of south africa, there was some speculation as to whether malusi gigaba would in fact present the budget for 20182019. Empowering our people through sustained economic growth and prosperity 14. The government is continuing to invest in key services and the states. I rise to move the second reading of the general revenue appropriation bill for fiscal year 20152016. The 201516 victorian budget update was released by the treasurer on 27 november 2015.
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