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Yesterday saw the presentation by Finance Minister Pravin Gordhan of the annual budget speech.

What does this mean for you and I?  

Any budget is about balancing the amount of money that comes in with the amount of money that goes out.  Increase what goes out (“creating jobs, reducing poverty, building infrastructure and expanding our economy”) and you must either increase what comes in (taxes) or borrow (deficit). 

Minister Gordhan’s challenge was to increase spending (we all want more money spent on education and healthcare) while decreasing our tax burden – oh yes, we are not too keen on the idea of borrowing money either….how has this been achieved?