Fifty one 51 percent of the budget in fiscal year 2014 15 is projected to be financed by non. A budget that begins the task of fixing the financial mess left by labor and the greens. The significance of this was that national treasury did not fund any portion of the 2014 abovebudget wage agreement in 201415, with this 1 per cent wage differential. We must work together to prepare ourselves for the future, to strengthen further our solid. Edward scicluna this publication is available from. While the 201415 mtef saw only minor reductions in the provinces equitable share. Speaker, the total amount of resources available in fiscal year 2014 15 are estimated at e15.
It carries in it a legitimate expectation to report on the performance of the 2014 budget. Full text of budget 201516 speech february 28, 2015 14. Pension fund act to enable to merging of various funds and. It is the responsibility of our government to fulfil their needs and requirements.
Click here to download the complete set of the 201415 budget for offline reading. As regards the budget deficit for 2014, it came to 3. Tax highlights announced as part of this years budget include. The proportion of provincial spending on personnel has declined to just under 60 per cent in 201617, freeing up more resources to invest in services. Thank you very much honourable speaker for this opportunity to table the 201415 budget. Budget 2014 2 budget 2014 26 february 2014 the minister of finance, mr pravin gordhan, today announced a revised consolidated net tax revenue estimate for 20142015 of r997,7 billion and a slightly reduced budget deficit over the 20 min budget estimate of 4% of gdp. South africas fiscal problem in a nutshell in the history of rsa tax finance minister, trevor manuel could perhaps. The cinea will be a merger of several existing institutions. Backdrop to budget 201516 along with the budget speech. Extension of the 15% income tax rate to selfemployed pensioners. As always, government will be spending more on grants and interventions to help the poor, but the key message of todays speech is that there is a new focus on f iscal responsibility and sustainability. Today south africa is a better place to live in than it was before the dawn of democracy, and this is the vision that president thabo mbeki spoke about.
Our nation is proud today that our government has converted the. The speech is shorter and tighter than gigabas previous budget speeches, as if to underscore the gravity of how much things have changed. Let me begin by extending my warm greetings to my fellow citizens. Financing for development taking our capital city forward madam speaker we present the 201415 mediumterm revenue and expenditure framework hot on the heels of our fifth national elections, an event that will no. Budget speech 4 20142015 x we will restore sound public finances, for the current situation is unacceptable. 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. The office of the health ombudsman will be established from 1 july 2014, hence there are no. I have prepared the budget of fy 201415 amidst these challenges. Jaitley in the budget speech says his aim is to lay down a broad policy indicator of the. During 2008, the growth rate had averaged around 3% and hence this is the highest growth rate in seven years.
Mr president, i move that the appropriation bill 2014 be read a second time introduction. Spending on nonessential goods and services fell in real terms by 7. The report submitted to the government by two eminent experts on public finances, luc godbout and claude montmarquette, provided a realistic. Budget speech 201415 budget speech 201415 9 president thabo mbeki was spot on because he knew that this government is committed to transforming the country for the better. June 2014 4 3rddecember 20, the rupee has appreciated by 11%. Click here to download the complete set of the 2014 15 budget for offline reading. The liberals and nationals chose to act, and close this unacceptable deficit. Estimates for 2014 15 151 159 medium range forecast 160 161 concluding remarks 162 168 this speech, together with the supplement and appendices relating to the 201415 budget, is available at. As part of the merger of the tax departments, we drafted amendments intended. The challenge going forward is to ensure that we sustain this inclusive growth trajectory towards true socioeconomic transformation. Source basis of income tax normal tax is levied on taxable income of companies, trusts and individuals from sources within or deemed to be within or from namibia.
My use of the term season is probably a reflection of what i was doing when i began the work of preparing this budget presentation to the assembly. This publication contains budget speech 2014, a list of reports and. Madam speaker, the budget for the fy 2014 15 is quite special in a number of ways. Sir, protection of the people of the state is our primary duty. The aspirations of the people of the state are also not much. The national budget speech 26 february 2014 posted by matthew lester on 26 february 2014 2.
On these two foundations, we are able to offer bold and forthright leadership. Press information bureau government of india budget speech summary part a indian economy becoming a 3 trillion dollar economy this year with world. An overall improved business and economic environment. Union finance minister arun jaitley on thursday presented his maiden budget. The budget speech i am delivering today is the second since the coalition government took over office in 2012. Ministry for finance budget speech 2014 edward scicluna. The total length of roads, including those under pmgsy, built from 201415 till the current year is about 1,40,000 kms which is significantly higher than previous three years. He said,the volume of institutional credit for agriculture sector from yeartoyear increased from rs. Budget speech of fiscal year 201415 ministry of finance. Madam speaker, the budget for the fy 201415 is quite special in a number of ways. Conversely, in the five years prior to 2010, there were current.
At each and every step we took to repair the budget, we were opposed by new south wales labor. In addition, certain specified goods, mentioned in. I do this informed by the vision of this country which is clearly pronounced in the national development plan. The national budget speech 26 february 2014 posted by. Honble speaker sir, with your permission, i rise to present before this august house budget estimation for the year 201415. This budget speech is dedicated to the memory of that outstanding son of the soil, hero of our people, giant. Budget budget speech 2014 english state house seychelles. In the 16 years since our return to china, hong kong has seen significant developments in peoples livelihood and in the social, economic and political spheres. A budget that delivers all of our election promises, in full and on time. This years budget is a continuation of our long journey towards creating a. Economic performance and outlook for fy 2014 15 ammaccrrooeeccoonnom miic ceppeerrffoorrmaannce aanndd oouuttllooookk real gdp growth 6. Union budget speech 201415 minister speech 20142015.
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