Some comments on the recent budget by Pieter le Roux Institute for Social Development, SOG University of the Western Cape Finance Committee, Cape Town March 4 th , 2003. Overview. Future budget presentations should ensure inflation does not mask what really happens.
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Some comments on the recent budget
Pieter le Roux
Institute for Social Development, SOG
University of the Western Cape
Finance Committee, Cape Town
March 4th , 2003
R6.0 bill recouped when grants are spent
R6.6 bill paid to existing grantee
7.4 % increase in Vat plus proportional increases in other taxes: 10.3% overall. (Impact 9-10%)
Net benefit and burden R15 billion , particular if better spending because of control by woman.
Break even point
Effective tax rate
Ms Clean Living Green
Mr or Ms Average
Mr Tough Guy
GrantCosts = Grant - tExp – (Grant-tExp)T )
if Grant> tExp, and
ExpTax= tExp –Grant if Grant< tExp