National Treasury Budget Vote 10 EFF Address by Commissar Floyd Shivambu
Monday, 21 July 2014
Honourable Chairperson,
1. The EFF obviously does not agree with the National Treasury Budget Vote because it is based on the National Development Plan, whose ideological underpinnings are the same as all the right-wing policies since 1994; GEAR and ASGISA. They all say pursue growth first and the rest shall follow. Such is narrow and has not succeeded anywhere. Trickle-down economics do not work anywhere.
2. We also reject the budget vote on the basis of a poorly conceptualised radical economic programme, which do not propose any substantial changes to the country's fiscal and monetary policies. Different ANC politicians say different things in terms of what is meant by radical economic transformation. If there is anything radical, it is the misdiagnosis on what constraints economic expansion in South Africa, and a radical misdiagnosis leads to radical application of wrong remedies. We will deal with that when we respond to the President's budget vote on Thursday.
3. There is however one phenomenon which we seek to address for this budget vote. This constitutes the reason why the EFF does not agree with the budget vote, but also a basis of concrete proposals on what is to be done to combat the massive corporate theft and criminality that has defined South Africa and the whole resource rich African continent for a very long time.