1 / 16

DST Budget 2006/7-2008/9

This document outlines the DST Budget from 2006/7 to 2008/9, focusing on the Medium Term Expenditure Framework (MTEF) comparison and significant funding increases, particularly in research and development (R&D) through the Council for Scientific and Industrial Research (CSIR). It highlights new infrastructure funds, tax incentives including a 150% tax credit, and the contribution of the private sector to national R&D. The next steps include updating strategic plans, presenting the budget, and establishing a framework for tax incentives. Acknowledgments are given to all contributors for a successful budget process.

vidal
Télécharger la présentation

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