Budget Speech

It is of great importance that in this environment the government is able to stimulate growth and build its capacity to implement their program. The business should also work closely and constructively with government to explore how business expertise and capacity to improve the socioeconomic conditions of people in our country.

Gordan said that there were a range of policies that old help the economy become more labour absorbent and resilient to future recessions. Along side with a focus on the delivery of better quality public services in education, health, and crime prevention. They must also be renewed emphasis on microeconomic reforms to enhance competitiveness and the ability of economic adversity.

The Treasury stated that South Africa needed policy adjustments to drive faster and more inclusive growth, create more jobs and reduce poverty. The president is under increasing pressure from the key labour union and communists allies to increase spending to boost growth,create jobs. The Treasury said that South Africa's current account deficit, which has weighed on the rand in the past, was expected to rise to 4,9% of GDP in 2010 from 4,3% in 2009, widening further to 5,8% by 2012.

References

Stella Mapenzauswa,Cape Town,South Africa-Feb 17 2010 14:40pm

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