The Minister of Finance, Pravin Gordhan delivered the 2016 Budget Speech on Thursday 24 February. The speech focused on decreasing government expenditure, raising tax revenues and preventing a ratings downgrade. The Minister announced a cut in the expenditure ceiling by R10 billion but there is an increase in spending in ...

Each year Parliament authorises taxes and public expenditure which provides the Government with the money it needs to deliver its policies and run vital services in areas such as Health, Education and Defence. The Budget allocates money between the three spheres of government (national, provincial, local) based on revenue collected. ...