1 / 16

DST Budget 2006/7-2008/9

DST Budget 2006/7-2008/9. Contents. MTEF Comparison DST Budget New Money Programme budget Next steps. MTEF Comparison. Main increase due to CSIR New R & D Money New Infrastructure funds. Prog 1 changes. Prog 2 changes. Prog 3 changes. Prog 4 changes. Prog 5 changes. Tax incentives.

vidal
Download Presentation

DST Budget 2006/7-2008/9

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. DSTBudget 2006/7-2008/9

  2. Contents • MTEF Comparison • DST Budget • New Money • Programme budget • Next steps

  3. MTEF Comparison • Main increase due to • CSIR • New R & D Money • New Infrastructure funds

  4. Prog 1 changes

  5. Prog 2 changes

  6. Prog 3 changes

  7. Prog 4 changes

  8. Prog 5 changes

  9. Tax incentives • 150% tax credit! • At 36% corporate tax, this means government subsidizes private sector research at 18 cents in the rand. • Private sector R&D is 0,45% of GDP. This means an over R 1 billion windfall.

  10. Next steps • Complete Strat plan updates • Present budget • Approve business plans of entities • Set up administrative framework for tax incentives.

  11. Thanks • Thanks to all who contributed to making this year our most successful budget process ever. • Siyabonga

More Related