Slightly wider 2014/15 budget deficit of 4.1% of GDP expected – MTBPS

South Africa expects a slightly wider budget deficit of 4.1 percent of GDP for 2014/15 from the 4 percent seen in February, but will rein in spending and raise taxes to get the gap down to 2.5 percent in three years, the Treasury said on Wednesday.

Mini budget: Higher learning to be boosted

Spending on post school education and training will grow faster than any other government programme over the next three years, says Finance Minister Nhlanhla Nene.

Mini Budget 2014: Finance Minister Nhlanhla Nene’s full speech

The Full Mini Budget Speech by Finance Minister Nhlanhla Nene (Click here for the supporting documents):  It is my privilege to present the 2014 Medium Term Budget Policy Statement and the Adjustments Appropriation Bill, the Division of Revenue Amendment Bill, all for 2014/15, and this year’s Revenue Laws Amendment Bills. Mister President, we are calling … Read more

Mini budget: Nene talks of tax reform

Tax changes are likely to be introduced in February when Finance Minister Nhlanhla Nene tables his first full budget, he signalled on Wednesday in his medium-term policy statement.

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