The Mercury

HIGHLIGHTS

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Plans to spend an extra R59.9 billion over the next three years.

Budget deficit lower than expected at 4.6 percent.

Inflation forecast to rise from 5 percent to 6.2 percent this year.

Real growth in noninteres­t government spending of 2.6 percent over next three years.

Personal income tax relief of R9.5bn.

Tax breaks to encourage non-retirement savings.

Less red tape and tax incentives to help small and micro businesses.

Petrol and diesel to go up by 28c a litre.

Pack of 20 cigarettes to cost 58c more.

Litre of wine to go up by 18c, 340ml can of beer by 9c and 750ml bottle of spirits by R6.

Electricit­y levy to go up by 1c/kwh. R6.2bn for job creation. R9.5bn for an economic support and competitiv­eness package, including R2.3bn for special economic zones.

R3bn to equalise subsidies to no-fees schools and get more children into Grade R.

R1bn for a national health insurance pilot project at 10 sites.

R1.4bn for early childhood developmen­t.

R4bn for new passenger rail coaches.

R1bn for rail signalling and depot infrastruc­ture.

R4.7bn to roll out more solar water geysers.

R1.8bn for municipal infrastruc­ture.

R3.9bn for upgrading informal settlement­s.

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