Download full mini budget speech |
On on annual basis the Minister of Finance delivers a medium term budget policy statement, known colloquially as a mini-budget.
"Robust economic growth, supported by strong consumer spending and rising investor confidence, has created over one million jobs in the past three years. While unemployment remains our most pressing social and economic challenge, for the first time in a generation, the economy is creating jobs faster than new entrants are joining the labour force." |
"We must continue to be mindful that there are still too many South Africans who go to bed hungry, too many who stare at the fragile walls of their shacks and far too many for whom disease makes life a daily struggle." |
"By reducing borrowing, we have lowered our interest costs from 21 per cent of spending in 1998/99 to 11 per cent in 2006/07." |
"Over the first six months of this year, tax revenue grew by 19.1 per cent over the same period last year." |
"National government will provide a total of R15 billion for infrastructure related to the World Cup. Of this amount, R8.4 billion is for the stadiums and R6.7 billion for public transport initiatives and supporting infrastructure." |