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2014 Budget Speech
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The 2014 budget speech: expenditure ceiling, some tax relief and a cautionary tale

Finance Minister Pravin Gordhan has presented what most would consider a constrained budget for the coming year. Due to the low economic outlook, he has imposed an expenditure ceiling, binding for the next three years. South Africans can look forward to personal income tax relief, while tax reform eases the compliance burden for small businesses. The main focus for the next five years will be on growth, development and jobs, using the National Development Plan as a guide.

Watch the Budget speech here:

Budget Speech Documents:

   National budget speech

   Annexure C: Miscellaneous tax amendments

   Chapter 4: Revenue trends and tax proposals



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