So here is the long awaited Budget speech, which was so earnestly awaited, after President Zuma's State of the Nation Speech. But What does it actually mean for the average citizen and how will it effect us?
Well... Here are some of the facts:
Spending to support economic recovery and improve service delivery
R12.2 billion for grants, including the extension of the child support grant up to 18 years of age.
R2.7 billion to provide literacy and numeracy workbooks in all 11 official languages for learners in grades
R to 9, and R1 billion to increase subsidies for higher education institutions.
R15.1 billion for occupation-specific dispensations in education, health and correctional services.
R2.2 billion for a revised salary structure in the South African National Defence Force.
R8.4 billion to expand provision of antiretroviral therapy.
R2.5 billion to increase labour intensity in public works, R1.8 billion for clothing and textile production
incentives and R1.8 billion for the automotive production development programme.
R1 billion to the criminal justice sector for efforts to reduce crime and corruption.
R2.8 billion for public transport, roads and rail infrastructure.
R2.5 billion for municipal infrastructure to support universal access targets for water and sanitation, and
R6.7 billion to municipalities to cover the increased cost of providing free basic electricity.
R1 billion more for rural development, R1.2 billion for water and sanitation infrastructure for rural households
and R1.5 billion for the Land Bank to support rural development.
R1 billion to speed up provision of housing and R500 million for bulk water infrastructure.
The old age pension is increased by R70 a month to R1 080 and the child support grant is increased by
R10 a month. Which is actually atrocious, as no one especially an elderly person will be able to pay for housing, food and necessities with a measily R1080!
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