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2019 Budget Speech nsfas.org.za

2018 budget speech summary pdf

SPENDING PROGRAMMES CONSOLIDATED GOVERNMENT. BUDGET SUMMARY 2018 The following are details of the Budget Statement of 10 October 2017, as made by the Minister for Finance and Public Expenditure and Reform. Income Tax . The tax credits and tax bands changes are in bold. Tax Credits . Tax Credit 2017 € 2018 € Single Person 1,650 1,650 Married or in a Civil Partnership 3,300 3,300, comes from compensation budget adjustments. • Provisional allocations of R75.3 billion are budgeted over the 2019 medium-term expenditure framework (MTEF) period, mainly for Eskom’s reconfiguration plan. • Since the 2018 Medium Term Budget Policy Statement the contingency reserve has been.

2019 Budget Speech nsfas.org.za

Budget Highlights Ghana. 2018 Budget Speech 6 investment and protection, economic investment, and the need to stabilize the growth in public debt. After several years during which economic growth undershot our projections, we now see the improved growth projections for 2018 and subsequent years as a floor, rather than a ceiling., which includes the projections and assumptions for the period 2018 to 2020, also accompanies this Budget Statement (See Annex I for further details)..

27/02/2018 · Table of contents for Budget 2018. To access a Portable Document Format (PDF) file you must have a PDF reader installed. BUDGET SPEECH FOR FISCAL YEAR 2018/19. Delievered at the Meeting of the 3rd Session of the 10th Parliament of Uganda on, Thursday, 14th June 2018 at the Kampala Serena International Conference Centre By Hon. Matia Kasaija (MP) Minister of Finance, Planning and Economic Development BUDGET SPEECH FOR FISCAL YEAR 2018/19. FOR FISCAL YEAR 2018/19 Industrialisation for o Creation and …

2019 Budget Speech 6 Developments since the October Medium Term Budget Policy Statement In October, during the 2018 Medium Term Budget Policy Statement (MTBPS), I outlined our main budget fiscal outlook. At that time, I projected that in 2018/19 tax revenue would be R1.3 trillion and that spending would be about R1.5 trillion. That left us with BUDGET SPEECH FOR FISCAL YEAR 2017/2018 Rt. Hon. Dean Barrow Prime Minister and Minister of Finance and Natural Resources Belmopan, Belize Monday, March 13, 2017 . 2 SUMMARY OF RECURRENT AND CAPITAL BUDGETS ACTUAL OUT-TURN 2015/16

• Main budget non-interest expenditure is projected to remain stable at 26.6 per cent of GDP between 2017/18 and 2020/21. • Net debt is expected to stabilise at 53.2 per cent of GDP in 2023/24. 1 SUMMARY OF 2018 BUDGET MEASURES POLICY CHANGES CONTENTS Taxation Measures USC Income Tax Excise Duties Other Income Tax VAT Capital Gains Tax

4 PwC • 2018 budget predictions Individuals Personal income tax Tax rates In the 2017 Budget, the maximum tax rate was increased to 45% for incomes over R1.5 million while minimal relief was given for fiscal drag across all tax brackets and rebates. This was expected to result in additional revenues of R16.5 billion from PIT. BUDGET SUMMARY 2018 The following are details of the Budget Statement of 10 October 2017, as made by the Minister for Finance and Public Expenditure and Reform. Income Tax . The tax credits and tax bands changes are in bold. Tax Credits . Tax Credit 2017 € 2018 € Single Person 1,650 1,650 Married or in a Civil Partnership 3,300 3,300

27/02/2018В В· Table of contents for Budget 2018. To access a Portable Document Format (PDF) file you must have a PDF reader installed. 27/02/2018В В· Table of contents for Budget 2018. To access a Portable Document Format (PDF) file you must have a PDF reader installed.

formulation during the Plan period, starting with the budget proposals for the 2017/2018 financial year, which is the first year of NDP 11. Details of some of the programmes and projects proposed for the 2017/2018 financial year, to address these national priorities are provided later in this Speech … comes from compensation budget adjustments. • Provisional allocations of R75.3 billion are budgeted over the 2019 medium-term expenditure framework (MTEF) period, mainly for Eskom’s reconfiguration plan. • Since the 2018 Medium Term Budget Policy Statement the contingency reserve has been

Budget Speech 2018-2019 finance.gov.ms. 4 PwC • 2018 budget predictions Individuals Personal income tax Tax rates In the 2017 Budget, the maximum tax rate was increased to 45% for incomes over R1.5 million while minimal relief was given for fiscal drag across all tax brackets and rebates. This was expected to result in additional revenues of R16.5 billion from PIT., which includes the projections and assumptions for the period 2018 to 2020, also accompanies this Budget Statement (See Annex I for further details)..

2018 BUDGET MEASURES

2018 budget speech summary pdf

Budget 2018 documents GOV.UK. 27/02/2018В В· Table of contents for Budget 2018. To access a Portable Document Format (PDF) file you must have a PDF reader installed., Budget 2018 index This index contains a complete list of all announcements and technical changes related to the Budget, as well as providing links to the documents they appear in. Also publishing.

In a nutshell Executive summary of 2018 National Budget

2018 budget speech summary pdf

Budget Speech 2018-19 Bismillahir-Rehmanir-Rahim PART-I. Read the Budget Summary to find out. The accompanying Budget Summary Slides list the main Budget 2018 measures. For more details of the measures, click on the buttons at the bottom to read the Budget Statement or watch a video of Minister for Finance, Mr Heng Swee Keat, delivering the Statement in Parliament. Budget Summary https://en.wikipedia.org/wiki/BlackkKlansman 27/02/2018В В· Table of contents for Budget 2018. To access a Portable Document Format (PDF) file you must have a PDF reader installed..

2018 budget speech summary pdf

  • 2018 Budget Statement Ministry of Finance Ghana
  • Budget Speech 2018-2019 finance.gov.ms

  • South African Minister of Finance Malusi Gigaba delivered the 2018 Budget Speech and tax proposals today, 21 February 2018. Relatively few changes to existing tax rates were proposed. The remainder of the Budget includes proposals for further tax reform and amendments to take place during the course of the year. The most significant of these Budget Proposals – 2018 10th November 2017 To Clients of PricewaterhouseCoopers Dear Client We are pleased to forward you a Summary and Analysis of the Budget Proposals for 2018, presented in the th Parliament on 9 November 2017, by Hon Mangala Samaraweera, Minister o f Finance and Media. We are also forwarding –

    comes from compensation budget adjustments. • Provisional allocations of R75.3 billion are budgeted over the 2019 medium-term expenditure framework (MTEF) period, mainly for Eskom’s reconfiguration plan. • Since the 2018 Medium Term Budget Policy Statement the contingency reserve has been 2019 Budget Speech 6 Developments since the October Medium Term Budget Policy Statement In October, during the 2018 Medium Term Budget Policy Statement (MTBPS), I outlined our main budget fiscal outlook. At that time, I projected that in 2018/19 tax revenue would be R1.3 trillion and that spending would be about R1.5 trillion. That left us with

    which includes the projections and assumptions for the period 2018 to 2020, also accompanies this Budget Statement (See Annex I for further details). 2018-19 HKSAR Budget Summary . Profits Tax • A one-off tax reduction of 75% of profits tax for 2017-18, subject to a ceiling of HK$30,000 •Confirm the introduction of a two-tiered profits tax rates regime (Click here for details) •Confirm the implementation of a tax deduction for R&D expenditure from 100% to …

    South African Minister of Finance Malusi Gigaba delivered the 2018 Budget Speech and tax proposals today, 21 February 2018. Relatively few changes to existing tax rates were proposed. The remainder of the Budget includes proposals for further tax reform and amendments to take place during the course of the year. The most significant of these Budget Speech 2018-2019 5 Madam Speaker, I rise to move a motion for the second reading of the Bill entitled the Appropriation Bill 2018/19. Opening Remarks I have the honour this afternoon to present to the Legislative Assembly the budget for the financial year 2018-19. This budget day is significant in that it marks a change in the landscape

    BUDGET SUMMARY 2018 The following are details of the Budget Statement of 10 October 2017, as made by the Minister for Finance and Public Expenditure and Reform. Income Tax . The tax credits and tax bands changes are in bold. Tax Credits . Tax Credit 2017 € 2018 € Single Person 1,650 1,650 Married or in a Civil Partnership 3,300 3,300 2018 Budget Speech 6 investment and protection, economic investment, and the need to stabilize the growth in public debt. After several years during which economic growth undershot our projections, we now see the improved growth projections for 2018 and subsequent years as a floor, rather than a ceiling.

    BUDGET SPEECH 2018-19 Page 1 of 51 Budget Speech 2018-19 Bismillahir-Rehmanir-Rahim PART-I Mr. Speaker, 1. It is my honour to present today the sixth budget of the PML(N) government to Budget Speech 2018-2019 5 Madam Speaker, I rise to move a motion for the second reading of the Bill entitled the Appropriation Bill 2018/19. Opening Remarks I have the honour this afternoon to present to the Legislative Assembly the budget for the financial year 2018-19. This budget day is significant in that it marks a change in the landscape

    Last revision date: February 28, 2018 Last revision date: February 28, 2018 Read the Budget Summary to find out. The accompanying Budget Summary Slides list the main Budget 2018 measures. For more details of the measures, click on the buttons at the bottom to read the Budget Statement or watch a video of Minister for Finance, Mr Heng Swee Keat, delivering the Statement in Parliament. Budget Summary

    BUDGET SPEECH 2018 gov.sz

    2018 budget speech summary pdf

    In a nutshell Executive summary of 2018 National Budget. Budget Speech 2017/2018 RISING TO THE CHALLENGE OF OUR AMBITIONS INTRODUCTION Madam Speaker, 1. I move that the Appropriation (2017-18) Bill be read a second time. 2. Madam Speaker, when this Government took office in December 2014, we made a pledge to shape a new destiny for our country and our population. 3. We said we would put the economy, Budget Speech; Budget Speech. Together, A Better Future Download Complete Speech in Word Format (135 kb) Acrobat Format (903 kb) Table of Contents A. INTRODUCTION Economic Performance in 2017 Major Shifts in the Longer Term Preparing for a Better Future B. A VIBRANT AND INNOVATIVE ECONOMY Overcoming Near-Term Challenges Capturing Future Opportunities Fostering Pervasive Innovation ….

    BUDGET SPEECH 2018 gov.sz

    2018 Budget Statement Ministry of Finance Ghana. South African Minister of Finance Malusi Gigaba delivered the 2018 Budget Speech and tax proposals today, 21 February 2018. Relatively few changes to existing tax rates were proposed. The remainder of the Budget includes proposals for further tax reform and amendments to take place during the course of the year. The most significant of these, comes from compensation budget adjustments. • Provisional allocations of R75.3 billion are budgeted over the 2019 medium-term expenditure framework (MTEF) period, mainly for Eskom’s reconfiguration plan. • Since the 2018 Medium Term Budget Policy Statement the contingency reserve has been.

    Kenya’s Budget for 2018/2019 financial year summary speech was read in parliament by National Treasury CS Henry Rotich on 14 June 2018. Full pdf of the same is available for download in this page. The Kenya Budget 2018/2019 is focused on fulfilling President Uhuru Kenyatta’s big four agenda that we will highlight bellow. As a result, the 2018/19 Budget deficit is projected to fall from 4.3% to 3.6%. The largest reallocation of State resources is R57bn to fund fee-free higher education over the next three years. It will be phased in, starting this year with free tertiary education for first year students from households that earn less than R350 000pa (75% of taxpayers).

    formulation during the Plan period, starting with the budget proposals for the 2017/2018 financial year, which is the first year of NDP 11. Details of some of the programmes and projects proposed for the 2017/2018 financial year, to address these national priorities are provided later in this Speech … 2018-19 HKSAR Budget Summary . Profits Tax • A one-off tax reduction of 75% of profits tax for 2017-18, subject to a ceiling of HK$30,000 •Confirm the introduction of a two-tiered profits tax rates regime (Click here for details) •Confirm the implementation of a tax deduction for R&D expenditure from 100% to …

    2018/19 BUDGET SPEECH Budget Address by Finance MEC Belinda Scott on 16 March 2018: 2018/19 MTEF Budget in the Provincial Legislature Page 3 of 22 The fiscal consolidation cuts effected against all three spheres of government over the 2018/19 MTEF are necessary to keep our country’s finances on a sustainable path. For provinces, the cuts are These are the main salient points we took from the 2018 budget speech: 1 – Consolidated spending – Consolidated spending will increase from R1.67 trillion in 2018/19 to R1.94 trillion, representing a nominal annual average growth of 7.6%, or 2.1% in real terms.

    1 SUMMARY OF 2018 BUDGET MEASURES POLICY CHANGES CONTENTS Taxation Measures USC Income Tax Excise Duties Other Income Tax VAT Capital Gains Tax Budget Speech 2017/2018 RISING TO THE CHALLENGE OF OUR AMBITIONS INTRODUCTION Madam Speaker, 1. I move that the Appropriation (2017-18) Bill be read a second time. 2. Madam Speaker, when this Government took office in December 2014, we made a pledge to shape a new destiny for our country and our population. 3. We said we would put the economy

    the 2018 budget speech by . yab dato’ sri mohd najib tun haji abdul razak. prime minister and minister of finance . introducing the supply bill (2018) in dewan rakyat . friday, 27 october 2017 “ prospering an inclusive economy, balancing between worldly and hereafter, for the wellbeing of rakyat, towards the tn50 aspiration ” mr. speaker sir, Budget Proposals – 2018 10th November 2017 To Clients of PricewaterhouseCoopers Dear Client We are pleased to forward you a Summary and Analysis of the Budget Proposals for 2018, presented in the th Parliament on 9 November 2017, by Hon Mangala Samaraweera, Minister o f Finance and Media. We are also forwarding –

    The following is a summary of and some comment on the tax related budget proposals announced by the Minister of Finance on 21 February 2018. 2. BUDGET HIGHLIGHTS. The tax policy proposals are expected to result in an overall increase in certain taxes and levies which will raise an additional R36 billion revenue. Refer to Chapter 4 (page 41) of Budget Proposals – 2018 10th November 2017 To Clients of PricewaterhouseCoopers Dear Client We are pleased to forward you a Summary and Analysis of the Budget Proposals for 2018, presented in the th Parliament on 9 November 2017, by Hon Mangala Samaraweera, Minister o f Finance and Media. We are also forwarding –

    4 PwC • 2018 budget predictions Individuals Personal income tax Tax rates In the 2017 Budget, the maximum tax rate was increased to 45% for incomes over R1.5 million while minimal relief was given for fiscal drag across all tax brackets and rebates. This was expected to result in additional revenues of R16.5 billion from PIT. Read the Budget Summary to find out. The accompanying Budget Summary Slides list the main Budget 2018 measures. For more details of the measures, click on the buttons at the bottom to read the Budget Statement or watch a video of Minister for Finance, Mr Heng Swee Keat, delivering the Statement in Parliament. Budget Summary

    49. The 2018 Budget Deficit is projected at US$2.86 billion (11.7% of GDP), against a target of US$793 million. 50. The month on month deficit developments, however, confirmed that for the month of September 2018, the deficit level narrowed sharply. Hence, confirming that a balanced Budget … The following is a summary of and some comment on the tax related budget proposals announced by the Minister of Finance on 21 February 2018. 2. BUDGET HIGHLIGHTS. The tax policy proposals are expected to result in an overall increase in certain taxes and levies which will raise an additional R36 billion revenue. Refer to Chapter 4 (page 41) of

    Budget Proposals – 2018 10th November 2017 To Clients of PricewaterhouseCoopers Dear Client We are pleased to forward you a Summary and Analysis of the Budget Proposals for 2018, presented in the th Parliament on 9 November 2017, by Hon Mangala Samaraweera, Minister o f Finance and Media. We are also forwarding – formulation during the Plan period, starting with the budget proposals for the 2017/2018 financial year, which is the first year of NDP 11. Details of some of the programmes and projects proposed for the 2017/2018 financial year, to address these national priorities are provided later in this Speech …

    B4. I explained in the Budget Statement that we face structural and sustained increases in expenditure in a number of areas – healthcare, security and other social spending. B5. Annual government healthcare spending is projected to rise by nearly 0.8%-points of GDP from 2.2% of GDP today to around 3% in the next decade. That is $3.6 billion 2018-19 HKSAR Budget Summary . Profits Tax • A one-off tax reduction of 75% of profits tax for 2017-18, subject to a ceiling of HK$30,000 •Confirm the introduction of a two-tiered profits tax rates regime (Click here for details) •Confirm the implementation of a tax deduction for R&D expenditure from 100% to …

    BUDGET SPEECH FOR FISCAL YEAR 2018/19. Delievered at the Meeting of the 3rd Session of the 10th Parliament of Uganda on, Thursday, 14th June 2018 at the Kampala Serena International Conference Centre By Hon. Matia Kasaija (MP) Minister of Finance, Planning and Economic Development BUDGET SPEECH FOR FISCAL YEAR 2018/19. FOR FISCAL YEAR 2018/19 Industrialisation for o Creation and … Honourable Speaker Mister President Cabinet Colleagues and Deputy Ministers Governor of the Reserve Bank MECs of Finance Fellow South Africans Ndi masiari Sanibonani Molweni Goeie middag Thobela Dumelang Avhusheni As I begin, let me first table before this august House: The Budget Speech, The 2018 Budget Review, including Fiscal Framework

    Kenya’s Budget for 2018/2019 financial year summary speech was read in parliament by National Treasury CS Henry Rotich on 14 June 2018. Full pdf of the same is available for download in this page. The Kenya Budget 2018/2019 is focused on fulfilling President Uhuru Kenyatta’s big four agenda that we will highlight bellow. BUDGET SPEECH FOR FISCAL YEAR 2018/19. Delievered at the Meeting of the 3rd Session of the 10th Parliament of Uganda on, Thursday, 14th June 2018 at the Kampala Serena International Conference Centre By Hon. Matia Kasaija (MP) Minister of Finance, Planning and Economic Development BUDGET SPEECH FOR FISCAL YEAR 2018/19. FOR FISCAL YEAR 2018/19 Industrialisation for o Creation and …

    BUDGET SPEECH FOR FISCAL YEAR 2018/19. Delievered at the Meeting of the 3rd Session of the 10th Parliament of Uganda on, Thursday, 14th June 2018 at the Kampala Serena International Conference Centre By Hon. Matia Kasaija (MP) Minister of Finance, Planning and Economic Development BUDGET SPEECH FOR FISCAL YEAR 2018/19. FOR FISCAL YEAR 2018/19 Industrialisation for o Creation and … • Main budget non-interest expenditure is projected to remain stable at 26.6 per cent of GDP between 2017/18 and 2020/21. • Net debt is expected to stabilise at 53.2 per cent of GDP in 2023/24.

    the 2018 budget speech by . yab dato’ sri mohd najib tun haji abdul razak. prime minister and minister of finance . introducing the supply bill (2018) in dewan rakyat . friday, 27 october 2017 “ prospering an inclusive economy, balancing between worldly and hereafter, for the wellbeing of rakyat, towards the tn50 aspiration ” mr. speaker sir, BUDGET SPEECH FOR FISCAL YEAR 2018/19. Delievered at the Meeting of the 3rd Session of the 10th Parliament of Uganda on, Thursday, 14th June 2018 at the Kampala Serena International Conference Centre By Hon. Matia Kasaija (MP) Minister of Finance, Planning and Economic Development BUDGET SPEECH FOR FISCAL YEAR 2018/19. FOR FISCAL YEAR 2018/19 Industrialisation for o Creation and …

    Budget Speech; Budget Speech. Together, A Better Future Download Complete Speech in Word Format (135 kb) Acrobat Format (903 kb) Table of Contents A. INTRODUCTION Economic Performance in 2017 Major Shifts in the Longer Term Preparing for a Better Future B. A VIBRANT AND INNOVATIVE ECONOMY Overcoming Near-Term Challenges Capturing Future Opportunities Fostering Pervasive Innovation … The following is a summary of and some comment on the tax related budget proposals announced by the Minister of Finance on 21 February 2018. 2. BUDGET HIGHLIGHTS. The tax policy proposals are expected to result in an overall increase in certain taxes and levies which will raise an additional R36 billion revenue. Refer to Chapter 4 (page 41) of

    In a nutshell Executive summary of 2018 National Budget. Budget 2018 index This index contains a complete list of all announcements and technical changes related to the Budget, as well as providing links to the documents they appear in. Also publishing, 49. The 2018 Budget Deficit is projected at US$2.86 billion (11.7% of GDP), against a target of US$793 million. 50. The month on month deficit developments, however, confirmed that for the month of September 2018, the deficit level narrowed sharply. Hence, confirming that a balanced Budget ….

    SPENDING PROGRAMMES CONSOLIDATED GOVERNMENT

    2018 budget speech summary pdf

    Kenya Budget 2018/2019 summary and full pdf statement. B4. I explained in the Budget Statement that we face structural and sustained increases in expenditure in a number of areas – healthcare, security and other social spending. B5. Annual government healthcare spending is projected to rise by nearly 0.8%-points of GDP from 2.2% of GDP today to around 3% in the next decade. That is $3.6 billion, BUDGET SPEECH FOR FISCAL YEAR 2017/2018 Rt. Hon. Dean Barrow Prime Minister and Minister of Finance and Natural Resources Belmopan, Belize Monday, March 13, 2017 . 2 SUMMARY OF RECURRENT AND CAPITAL BUDGETS ACTUAL OUT-TURN 2015/16.

    2018 Budget Statement Ministry of Finance Ghana

    2018 budget speech summary pdf

    2018-19 HKSAR Budget Summary pkf-hk.com. BUDGET 2018/19 “New VAT rate of 15%” Medical tax credits The tax credit for the first two dependants increases to R310, and for additional dependants it increases to R209. When the National Health Insurance plan is rolled out, these tax credits will be cancelled. Retirement fund changes No changes were made to the lump sum rates upon withdrawal or retirement. Taxpayers will be able to https://en.wikipedia.org/wiki/2018_State_of_the_Union_Address B4. I explained in the Budget Statement that we face structural and sustained increases in expenditure in a number of areas – healthcare, security and other social spending. B5. Annual government healthcare spending is projected to rise by nearly 0.8%-points of GDP from 2.2% of GDP today to around 3% in the next decade. That is $3.6 billion.

    2018 budget speech summary pdf


    1 SUMMARY OF 2018 BUDGET MEASURES POLICY CHANGES CONTENTS Taxation Measures USC Income Tax Excise Duties Other Income Tax VAT Capital Gains Tax BUDGET SUMMARY 2018 The following are details of the Budget Statement of 10 October 2017, as made by the Minister for Finance and Public Expenditure and Reform. Income Tax . The tax credits and tax bands changes are in bold. Tax Credits . Tax Credit 2017 € 2018 € Single Person 1,650 1,650 Married or in a Civil Partnership 3,300 3,300

    49. The 2018 Budget Deficit is projected at US$2.86 billion (11.7% of GDP), against a target of US$793 million. 50. The month on month deficit developments, however, confirmed that for the month of September 2018, the deficit level narrowed sharply. Hence, confirming that a balanced Budget … BUDGET 2018/19 “New VAT rate of 15%” Medical tax credits The tax credit for the first two dependants increases to R310, and for additional dependants it increases to R209. When the National Health Insurance plan is rolled out, these tax credits will be cancelled. Retirement fund changes No changes were made to the lump sum rates upon withdrawal or retirement. Taxpayers will be able to

    4 PwC • 2018 budget predictions Individuals Personal income tax Tax rates In the 2017 Budget, the maximum tax rate was increased to 45% for incomes over R1.5 million while minimal relief was given for fiscal drag across all tax brackets and rebates. This was expected to result in additional revenues of R16.5 billion from PIT. Budget Speech 2018-2019 5 Madam Speaker, I rise to move a motion for the second reading of the Bill entitled the Appropriation Bill 2018/19. Opening Remarks I have the honour this afternoon to present to the Legislative Assembly the budget for the financial year 2018-19. This budget day is significant in that it marks a change in the landscape

    Budget Speech 2017/2018 RISING TO THE CHALLENGE OF OUR AMBITIONS INTRODUCTION Madam Speaker, 1. I move that the Appropriation (2017-18) Bill be read a second time. 2. Madam Speaker, when this Government took office in December 2014, we made a pledge to shape a new destiny for our country and our population. 3. We said we would put the economy On 21 February 2018, Finance Minister Malusi Gigaba delivered his 2018 Budget Speech. How does the Budget Speech affect you or your business? Hereby a summary of the most significant proposals for the 2018/2019 Budget as tabled by the Minister of Finance: 2018/2019 Tax Proposals: VAT: A one percentage point (1%) increase in VAT from 14% to 15%.

    27/02/2018В В· Table of contents for Budget 2018. To access a Portable Document Format (PDF) file you must have a PDF reader installed. On 21 February 2018, Finance Minister Malusi Gigaba delivered his 2018 Budget Speech. How does the Budget Speech affect you or your business? Hereby a summary of the most significant proposals for the 2018/2019 Budget as tabled by the Minister of Finance: 2018/2019 Tax Proposals: VAT: A one percentage point (1%) increase in VAT from 14% to 15%.

    Budget Speech 2017/2018 RISING TO THE CHALLENGE OF OUR AMBITIONS INTRODUCTION Madam Speaker, 1. I move that the Appropriation (2017-18) Bill be read a second time. 2. Madam Speaker, when this Government took office in December 2014, we made a pledge to shape a new destiny for our country and our population. 3. We said we would put the economy the 2018 budget speech by . yab dato’ sri mohd najib tun haji abdul razak. prime minister and minister of finance . introducing the supply bill (2018) in dewan rakyat . friday, 27 october 2017 “ prospering an inclusive economy, balancing between worldly and hereafter, for the wellbeing of rakyat, towards the tn50 aspiration ” mr. speaker sir,

    Honourable Speaker Mister President Cabinet Colleagues and Deputy Ministers Governor of the Reserve Bank MECs of Finance Fellow South Africans Ndi masiari Sanibonani Molweni Goeie middag Thobela Dumelang Avhusheni As I begin, let me first table before this august House: The Budget Speech, The 2018 Budget Review, including Fiscal Framework 2019 Budget Speech 6 Developments since the October Medium Term Budget Policy Statement In October, during the 2018 Medium Term Budget Policy Statement (MTBPS), I outlined our main budget fiscal outlook. At that time, I projected that in 2018/19 tax revenue would be R1.3 trillion and that spending would be about R1.5 trillion. That left us with

    4 PwC • 2018 budget predictions Individuals Personal income tax Tax rates In the 2017 Budget, the maximum tax rate was increased to 45% for incomes over R1.5 million while minimal relief was given for fiscal drag across all tax brackets and rebates. This was expected to result in additional revenues of R16.5 billion from PIT. South African Minister of Finance Malusi Gigaba delivered the 2018 Budget Speech and tax proposals today, 21 February 2018. Relatively few changes to existing tax rates were proposed. The remainder of the Budget includes proposals for further tax reform and amendments to take place during the course of the year. The most significant of these

    comes from compensation budget adjustments. • Provisional allocations of R75.3 billion are budgeted over the 2019 medium-term expenditure framework (MTEF) period, mainly for Eskom’s reconfiguration plan. • Since the 2018 Medium Term Budget Policy Statement the contingency reserve has been BUDGET 2018/19 “New VAT rate of 15%” Medical tax credits The tax credit for the first two dependants increases to R310, and for additional dependants it increases to R209. When the National Health Insurance plan is rolled out, these tax credits will be cancelled. Retirement fund changes No changes were made to the lump sum rates upon withdrawal or retirement. Taxpayers will be able to

    Honourable Speaker Mister President Cabinet Colleagues and Deputy Ministers Governor of the Reserve Bank MECs of Finance Fellow South Africans Ndi masiari Sanibonani Molweni Goeie middag Thobela Dumelang Avhusheni As I begin, let me first table before this august House: The Budget Speech, The 2018 Budget Review, including Fiscal Framework BUDGET SUMMARY 2018 The following are details of the Budget Statement of 10 October 2017, as made by the Minister for Finance and Public Expenditure and Reform. Income Tax . The tax credits and tax bands changes are in bold. Tax Credits . Tax Credit 2017 € 2018 € Single Person 1,650 1,650 Married or in a Civil Partnership 3,300 3,300

    On 21 February 2018, Finance Minister Malusi Gigaba delivered his 2018 Budget Speech. How does the Budget Speech affect you or your business? Hereby a summary of the most significant proposals for the 2018/2019 Budget as tabled by the Minister of Finance: 2018/2019 Tax Proposals: VAT: A one percentage point (1%) increase in VAT from 14% to 15%. Ministry of Finance Finance Drive, Accra. P. O. Box M40, Accra - Ghana GA-144-2024 +233 302-747-197 info@mofep.gov.gh

    2018/19 BUDGET SPEECH Budget Address by Finance MEC Belinda Scott on 16 March 2018: 2018/19 MTEF Budget in the Provincial Legislature Page 3 of 22 The fiscal consolidation cuts effected against all three spheres of government over the 2018/19 MTEF are necessary to keep our country’s finances on a sustainable path. For provinces, the cuts are formulation during the Plan period, starting with the budget proposals for the 2017/2018 financial year, which is the first year of NDP 11. Details of some of the programmes and projects proposed for the 2017/2018 financial year, to address these national priorities are provided later in this Speech …

    Budget Speech 2017/2018 RISING TO THE CHALLENGE OF OUR AMBITIONS INTRODUCTION Madam Speaker, 1. I move that the Appropriation (2017-18) Bill be read a second time. 2. Madam Speaker, when this Government took office in December 2014, we made a pledge to shape a new destiny for our country and our population. 3. We said we would put the economy These are the main salient points we took from the 2018 budget speech: 1 – Consolidated spending – Consolidated spending will increase from R1.67 trillion in 2018/19 to R1.94 trillion, representing a nominal annual average growth of 7.6%, or 2.1% in real terms.

    2018/19 BUDGET SPEECH Budget Address by Finance MEC Belinda Scott on 16 March 2018: 2018/19 MTEF Budget in the Provincial Legislature Page 3 of 22 The fiscal consolidation cuts effected against all three spheres of government over the 2018/19 MTEF are necessary to keep our country’s finances on a sustainable path. For provinces, the cuts are Last revision date: February 28, 2018 Last revision date: February 28, 2018

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