The Minister of Finance, Mr Pravin Gordhan, announced earlier this year that he had provided tax relief of R9,3 billion in personal income tax relief to individuals, mostly to taxpayers in the lower income brackets.
Government expenditure for the 2014/2015 period is to be allocated as follows:
• Economic affairs – R142,8 billion
• Education – R253,8 billion
• General public services – R180 billion
• Health – R145,7 billion
• Housing & community amenities – R142,9 billion
• Public order and safety – R115,7 billion
• Social protection – R144,5 billion
To read the full summary visit http://www.pwc.co.za/en/assets/pdf/budget-speech-summary-2014.pdf