South african finance minister pravin gordhan delivered the 2016 budget on wednesday afternoon. Accumulation of public debt as a percentage of gdp. On a positive note, government guarantees declined from r476 billion in. National budget 201920 june 2019 in his speech on the economy, the minister for finance and planning hon dr philip mpango cited robust macroeconomic statistics including robust gdp growth 7. Fiji budget 20172018 fiji hotel and tourism association.
Snapshot tax measures contacts tax measures unless otherwise specified, excise tax, fiscal import duty, import excise duty and environment climate adaptation levy ecal changes are expected to be effective from 7. The release of australias 2016 17 federal budget is an opportunity to address a number of important decisions which need to be made for australias future prosperity and to tackle our growing fiscal deficit. Felix addo country senior partner pwc ghana pwc ghana 2014 ghana budget highlights. On march 11, chancellor rishi sunak delivered a budget that was inevitably dominated by the coronavirus outbreak. Feb 01, 2018 budget 2018 lends fiscal prudence with the requirements and needs of the economy today, arun jaitley told the media focused to develop rural and agricultural sector, says arun jaitley after. Some highlights of the budget included capital expenditure of. The following documents reflect the fy 2016 department of energys budget request to congress. Partners anthony leung shing, rajeev basgeet, olivier rey and john li comment on the measures announced in the budget 20182019 in mauritius. Key highlights from the 20192020 national budget statement. Forecast5 completes deal with pfr to expand ohio business. The budget anticipates the fijian economy to grow by 3. Budget 2016 does not introduce changes to increase the tax rate on. About pwc at pwc, our purpose is to build trust in society and solve important problems.
Total receipts in financial year 2016 17 estimated to be rs. Where appropriate, some cases also show changes to child benefit announced in this budget. Please find enclosed highlights and analysis based on the speech by the designated minister of finance and economic planning on 8th june 2016 wehope that you will find this publication helpful, and we look forward to yourcomments. A comprehensive balanced budget with deserved focus on the rural sector, other highlights being a strong push for ease of doing business through rationalising.
The worksheet will also include 20152016 revised budget the revised budget equals the original budget plus ytd budget amendments. Creating jobs, transforming lives harnessing the big four plan. Introduction financial secretary john tsang delivered the eighth budget speech of his career on 25 february 2015. Budget 2016 highlights south africa dirmeik consulting. The share of current expenditure in total budgetary outlay for 201718 was 73. Top highlights of the union budgets 2016tax infrastructure and agriculture cess to be levied. Were a member of the pwc network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, tax and advisory services. Budget and performance consumer financial protection bureau. Ken oforiatta set the tone for the 2018 budget statement reading by commending the governments effort to remain fiscally disciplined and adhering to the limits set in. Bureau highlights bh 75 national park service current permanent 2014 2015 2016 d o l l a r s i n m i l l i o n s 2,577 501 2,615 506 3,048 1,160 nps funding national park service mission as stated in the organic act of 1916, the na.
Department of the interior national park service fiscal. Pwc refers to the hong kong member firm, and may sometimes refer to the pwc network. Accelerating the momentum march 2016 slide 7 the startup india plan unveiled at a recent event that celebrated the entrepreneurial spirit of indias youth is aimed at building a strong ecosystem for nurturing innovation and empowering startups in the country. Pwc 2016 budget highlights 5 description actual 2015 target 2016 real gdp growth incl. It calls for a singletier tax instead of multitier dividend tax for companies. Gross domestic product gdp growth of india for 201516 projected between 88. Brief summary, financial, general, family, it latest update. Budget of expenditures and sources of financing fy 2016. The late passage of the budget significantly affected its full implementation. Business consultancy pwc bangladesh has pronounced finance minster mustafa kamals maiden budget progressive, probusiness and good for foreign direct investment.
Associate superintendent for finance and support services. Cfpb strategic plan, budget, and performance plan and report this document includes budget estimates for fy 2017 and fy 2018 fiscal year 2016. A substantial and incremental shift is required to decrease disparity in income and reduce the burden of. At pwc network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and. Setting tomorrows priorities a look at ugandas 2016 17 national budget june 2016. The budget statement for the fy 201920 was read on june 2019 by the cabinet secretary for the national treasury, hon. Union budget of india 201819 highlights pdf cracku. Budget in brief a highlevel narrative summarization of the departments budget request. Pwc bermuda helps organisations and individuals create the value theyre looking for. Hong kong budget announcement 2016 a long term view for tomorrows success. Hong kong budget 2017 to 2020 announcement 2016 pwc. Over the past ten years, the oice of the assistant secretary for preparedness and response aspr in the department of health and human services hhs has made numerous gamechanging improvements to how communiies and the naion prepare for and respond to natural and manmade disasters. Budget highlights 6 the itys adopted financial policies require the funds balance be maintained at the maximum allowed level. Finally, the worksheet includes the 20162017 projected budget.
India union budget 2018 highlights pdf upsc materials. Budget 2016 pwc insight and analysis 9 june 2016 pwc tanzania. Feb 19, 2016 following the delivery of the 201617 budget this morning feb 19 by minister of finance bob richards, pwc bermuda released a highlight summary sheet. Education cess and secondary and higher education cess to be replaced by health and education cess at the rate of 4% of tax and surcharge. Pwc tax partner insurance industry as expected revenue collections have been revised downwards for the current year in line with our projections. In the 20162017 budget statement the cabinet secretary has further proposed an extra 50% cost of the. Moving forward on ccs the budget proposes allocating nok 175 million for further development of a fullscale co2 capture and storage project in norway. Budget 2016 pwc insight and analysis 9 june 2016 pwc the headline on budget day. Pwc 2018 budget highlights 2 i n a bid to consolidate the ghanaian economys path to macroeconomic stability and to boost the productive sectors of the economy, the 2018 budget statement the budget of government of ghana has the theme from stabilisation to growth. It was never pegged as being an easy task given the tough economic times the country is experiencing and that any wrong move could result in south africa receiving a junk status rating.
Highlights of budget 201819 ministry of finance highlights of budget 201819 finance minister shri arun jaitley presents general budget 201819 in parliament. This budget focuses on boosting the foreign direct investment fdi in bangladesh, which is. The 2016 state budget draft law 2 pwc firms help organisations and individuals create the value they are looking for. Cfpb strategic plan, budget, and performance plan and report this document includes budget estimates for fy 2016 and fy 2017 fiscal year 2015.
Download or read our updated briefing for the most important measures. Please utilize them for building your knowledge and dont make them. We are concerned that this is unrealistic in the current environment. Pwc 2016 budget highlights 4 2016 budget highlights at a glance snapshot of 2016 budget statement improvements in tax revenue in 2015 have been constrained by fall in commodity prices and power supply challenges that led to slow down of growth in business activity. If you did not find the document you are looking for, we will be pleased to have your request by email to pwc.
A film showcasing the analysis by the experts of pwc mauritius on the national budget 2017. Union budget 20182019 live updates, live streaming, online watch, highlights, pdf file free download, 2018 railway budget and pdf file download. The union budget for 201516 has been announced by mr arun jaitley, union minister for finance, government of india, in parliament on february 28, 2015. Feb 16, 2018 following the delivery of the 201819 budget this morning feb 16 by premier and minister of finance david burt, pwc bermuda released a highlight summary sheet. The vat act provides that a vendor such as a municipality is deemed to supply services to any public authority for example, the department of human settlements if the vendor is paid or makes a payment in line with the national housing. Aiming for the bullseye february 2018 pwc 6 budget highlights direct taxes personal tax no change in tax slabs or rates for individual taxpayers. Key highlights of budget speech 201617 by honble shri sudhir mungantivar, minister finance march 18th 2016 part 1 budget 201617 is dedicated to our farmers, the state government of maharashtra has decided to observe the financial year 201617 as shetkari swabhiman varsh and significantly higher provision of nearly. Pwc 2016 17 plans continued budget 2016 18 june 2016 2016 2017 2015 2016 12 month 12 month budget budget tzs bn tzs bn increase expenditure recurrent 17,7 19 16,57 6 7 % development 11,821 5,919 100% total 29,540 22,495 31% recurrent expenditure national debt service 8,000 wages and salaries 6,600 other charges 3,119 17,719 development expenditure. Budget guided by mission to strengthen agriculture, rural development, health, education, employment, msme and infrastru. Union finance minister arun jaitley has recently discussed the highlights of rail budget 201718 in a meeting. National budget 2018 11 the 2017 budget of economic recovery and growth was signed into law on june 12, 2017. Domestic companies with a turnover not exceeding inr 250 crore during fy 201617 continue to enjoy a reduced tax rate of 25% increased by applicable surcharge. Have a look at the measures, compare the tax rates for 20202019 and do a quick check to see if your financial situation will improve in the next year.
Within this section, you will find several of our most recent or most frequently requested publications. Union budget 201516 india, indian union budget 201516, pdf. Against the background of national development priorities as set out in the national five year. Agricultural budget, basic budget, important points, pension for senior citizens, changes made by the budget committee. Major highlights of proposed tax slab for ay 201819. The good news is only the legislative authorizations on measures related mainly to inland regions increase of the additional deduction in case of. Following the delivery of the 201819 budget this morning feb 16 by premier and minister of finance david burt, pwc bermuda released a highlight summary sheet. Learn how this new reality is coming together and what it will mean for you and your industry. Summary table a short summarization of the request by appropriation account and by first tier organization. The revenue forecast for next year uses a tax buoyancy ratio of 1. Cfpb strategic plan, budget, and performance plan and report. Union budget 201819 live updates highlights pdf download. Railway budget 2017 highlights, union budget 2017, railway. Jaitley is likely to give more focus on infrastructure development like new lines, doubling, station redevelopment, safety up gradation.
Some of the highlights rationalizing tax provisions to effectively tap aifs, reits. When is union budget 2018 and where can you watch the budget session this year. The departments will input their 20162017 tentative budgets and any special requests into the munis. Legal alert key highlights from the 20192020 national budget statement. Pwc highlights of key recent economic developments gdp growth around 6% to 7% for more than a decade. The obr also believes the economy is fundamentally less productive than previously thought. Cfo budgeting survey 0% 20% 40% 60% 80% 100% 2012 2015 2012 2015 2012 20152012 insurance companies per industry 2012 2015 total operational companies banks investment funds key takeaways overall, the time required to prepare budgets has decreased compared to 2012, except for insurance providers who have actually seen an increase in the. Control tables a longer summarization of the request at the decision. Sewer revenue projections shown for the 2016 budget are based on no change 0% to the districts existing sewer rate structure pwsd is recommending a. Direct taxes will generate about 32% of the total revenues while indirect taxes is expected to be the highest. Proposed budget fiscal year 2017 prince william county. The size of outlay increased to rs 5,361 billion in revised estimates 201718.