Here is Pravin Gordhan's 2016 budget in 10 easy points:

1. The government will spend R1.5 trillion this year, up from an estimate of R1,351bn for 2015/6.

2. Tax increases amounting to R18bn for this tax year will be imposed with higher income earners taking the most pain.

3. A freeze on public sector employment from April with the aim of reducing the number of public servants by 20 000, saving R7.2bn over the next three years. And a cut in civil service salaries going forward.

4. Economic growth is estimated at 0.9% for this year, 1.7% in 2017 and 2.4% in 2018.

5. A commitment to "restore the momentum of growth" with investment of R870bn in transport, energy, housing, health and water infrastructure over the next three years.

6. A plan to accelerate the lowering of the budget deficit by bringing it down to 3.2% in 2016/7, 2.8% in 2017/8 and 2.4% in 2018/9 - faster than the medium term budget's commitments.

7. No cuts to social grants or essential services. Social grants rise by 6.1% and 6.4% - below the projected inflation rate of 6.8% for 2016.

8. R32bn to cover the needs of higher education, the drought and the New Development Bank with an "additonal" R16.3bn for higher education over the next three years.

9. Defence and security shows the slowest growth at just 4.1% over the next three years.

10. The fuel levy rises by 30c a litre, raising R6.8bn while transfer duties on properties over R10m increase from 11% to 13%.

 

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