Democratic Alliance welcomes Godongwana’s ‘tough love’ for state-owned enterprises - The opposition party referred to the government’s economic policy as ‘hopelessly inadequate’ and an obstacle in the path towards stable public finances
, but said details on the government’s interventions with regard to the social security net will be provided at February’s budget.
ongoing discussions about the social safety net … Let me however reiterate that a permanent solution in responding to these challenges is to achieve high and sustained levels of economic growth.”does not supportAshor Sarupen, who serves on the DA’s appropriations committee, said there may be space in the fiscus to extend the social relief of distress grant temporarily as a result of increased revenue from the commodity boom.
The medium-term budget should provide a clear fiscal departure away from emergency budgeting, implemented to address the short-term effects of the pandemic, towards a resilient fiscal framework that is focused on a balanced budget, economic growth and job creation, the DA said on Tuesday. “In order to ensure that this resilience-building focus is sustainable, it is important that South Africa urgently addresses its twin challenges of a high debt burden and stubbornly low economic growth rates.”
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