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Budget 2012 at a glance


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AP

R1.06 trillion – total government spending for 2012;

R9.5 billion – personal income tax relief;

2.7 percent – expected GDP growth for 2012;

4.6 percent – projected budget deficit for 2012/13;

R55.9bn – additional allocations over the next three years, including R9.5bn for an economic support package;

R6bn – additional revenue required to fund the national health insurance in 2014/15;

R5.8bn –to help cut toll fees under the Gauteng Freeway Improvement Programme;

R845bn – approved and budgeted infrastructure plans over the next three years;

R4bn – more for the Passenger Rail Agency of SA for new coaches;

R739bn – revised estimate of tax revenue for 2011/12;

R30 000 a year – proposed savings limit per person that would be free of tax on interest, dividends or capital gains;

R230 a month – tax credit for the first two beneficiaries of medical aid contributions and R154 each for additional beneficiaries;

R63 556 – tax-free threshold for small businesses, while the 10 percent rate is reduced to 7 percent and the threshold up to which this applies is increased to R350 000;

Two – the number of annual returns and payments for qualifying micro-businesses – a huge drop from about 18 a year;

20 cents – increase in the general fuel levy on petrol and diesel;

R4.8bn – additional allocation for the expanded public works programme for 2012;

R207bn – spending on education in 2012/13;

R968m – extra spending over three years on anti-retroviral treatment at the CD4 threshold of 350;

R105bn – spending on social grants in 2012/13;

R1 200 – monthly state old-age pension and R1 220 for those over 75;

R770 – foster care grant;

R280 – child support grant;

R120bn – investment in municipal infrastructure and human settlements in 2012/13;

R5.8bn – to boost manufacturing competitiveness and R2.3bn for industrial development and special economic zones;

R89.4m – cost of servicing state debt in 2012/13;

R65bn – spending on police;

R41.6bn – spending on defence. – Craig Dodds

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