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24 May 2013
   
 
 
Article by: Sapa
 
 
 

The National Budget for 2009/10 due to be announced on February 11 will hold "more of the same" for the average person, Ernst and Young said on Tuesday.

"It'll be a non-event budget for the average person with no surprises or upheavals," said director Corlie Hazell.

She based her forecast on previous pre-election budgets.

However, Graham Thompson, financial services analyst at Ernst and Young said the average person may not get as much tax relief as expected.

"The government might be hard-pressed when it comes to relief as revenue collections are going to slow," Thompson said.

"And the sin taxes will go up as they usually do - but this year they could go up with just a bit more force." Thompson said.

The 2010/11 budget would probably provide more for the average person as it was expected to introduce a broad-based social security system, including retirement savings, unemployment benefits, disability and death benefits for the formally employed.

 

 

Edited by: Sapa
 
 
 
 
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