FROM THE DESK OF THE PRESIDENT
A BUDGET TO GROW THE ECONOMY AND SUPPORT DEVELOPMENTAL GOALS
Dear Fellow South African,
Last week, the Minister of Finance presented a national budget that will help us to achieve more rapid and inclusive economic growth while supporting our developmental goals.
Over the last five years, we have taken several actions to get our economy back on track. We have implemented far-reaching reforms in the energy, logistics, water and telecommunications sectors to address the binding constraints on growth. We have created a stable macroeconomic environment to encourage investment. And we have expanded public employment and social protection to create jobs and provide an income for those who are unemployed.
This budget takes us further along the path of reviving our economy and rebuilding our institutions, in at least three important ways.