EFF STATEMENT ON THE MEDIUM-TERM BUDGET POLICY STATEMENT
Wednesday. 28 October 2020
The EFF notes the predictable and undermhelming Medium-Term Budget Policy Statement presented by the Finance Minister Tito Mboweni, The policy statement presented by the Finance Minister, inundated with rightwing ideological drivel disguised as sense and reason, is evident that Tito Mboweni is part of the cabal that is serving local and foreign white monopoly capital.
The policy statements unashamedly attack workers and the poor people at the interest of profit, advancement of private interest that serves the few and must be rejected. The continuing onslaught on workers income and basic services that majority of the poor rely on is disgraceful and will not stop unless society mobilises intensely for the removal of Tito Mboweni as finance minister and ultimately the incompetent, corrupt and spinelessness ruling party.
October marks two years since Mboweni was appointed finance Minister. Since his appointment, Mboweni has not tabled any believable and practical economic policy that has the potential to grow the economy, create jobs. reduce poverty and inequality.
Instead, Mboweni's appointment has been disastrous for South Africa. The COVID-19 pandemic that has affected the global economy only made things worse as South Africa had no plan, to begin with. Mboweni has arrogantly and unashamedly paraded his incompetence. undermining civil society, activists and labour that are important stakeholders. Mboweni has even gone as far as undermining the announced R500 billion COVID-19 social and economic stimulus package, which made it imaginary intervention more than anything.