Antonio Gramsci, the influential communist writer, has a quote that when applied to the National Budget, tells a story of government adopting a “holding position” when more direct and deliberate action is needed to tackle what the African National Congress refers to as triple challenge – unemployment, inequality and poverty. The quote is: The crisis consists [...]
Outlines the projected economic growth for South Africa until 2013, and provides commentary and the actual data. It raises a significant challenge to government meeting its goals of reducing unemployment.
The adjustments provide for an interesting picture of the adjustments government is making in the MTBPS 2011.
The challenge of non-interest spending declining and the strategies to ensure effective public spending in future.
More is needed if government is to use public expenditure to improve employment levels and tackle inequality.
Short update on the Jobs Fund from the MTBPS
The stalemate on economic transformation will be reflected in MTBPS 2011, with Minister Gordhan having to navigate a complex set of political and economic realities.
