Wrap of the Budget Speech 2013

How Pravin Gordhan plans to allocate funds to the nation

• R7 billion in personal income tax relief
• Sin taxes, fuel levies go up
• Tax incentives for youth jobs
• R67.9 billion for more visible policing, crime fighting
• Health gets R133bn budget
• Housing development had a budget of R31.9 billion
• New tax proposals on retirement funds
• Education gets R200bn
• R5.7 billion to ensure 645,000 households have electricity
• R6bn to support 435,000 subsistence farmers and 54,500 smallholder producers
• Prasa, Sanral get R5 billion to fund plans to renew its fleet.
• 3.7m jobs aims to be created
• R100m to partly offset the decreases of contribution that came from US President’s Emergency Plan for Aids Relief programme
• Unlikely that tax will be increased to fund National Health Insurance
• Business confidence growing. Plans for construction and refurbishment
• KZN gets biggest share of budget allocated to provinces
• R6.5billion extra for water affairs