INDIVIDUAL ASSIGNMENT – LIKELY IMPACT OF THE 2008 BUDGET ON THE ECONOMY
Principles of Economics
Prepared by: Mark Simpson
Wednesday, July 09, 2008
Title Principles of Economics
Assignment Type: Individual Assignment (likely impact of 2008 Budget)
Prepared By: Mark Simpson
Date Updated: Wednesday, July 09, 2008
Submission Date: 23rd June 2008
Number of Words: 3379
Number of Pages: 18
MAP Course MAP-83
Version: 1.0
Table of Contents
1 EXECUTIVE SUMMARY 4
1.1 NATIONAL TREASURY AND THE 2008 BUDGET 4
1.2 BUDGET OVERVIEW 6
1.2.1 The economy and fiscal stance (National Treasury of South Africa 2008) 7
1.2.2 Tax proposals 7
1.2.3 Additions to spending over the next three years: 8
2 IMPACT ON THE NATIONAL ECONOMY 9
3 IMPACT OF THE BUDGET IN MY INDUSTRY 13
4 IMPACT OF THE BUDGET ON MY FIRM 15
1 Executive Summary
1.1 National Treasury and the 2008 Budget
Trevor Manual presented the 2008 Budget speech in February 2008. There were many positive changes in th ...