YCLSA Statement on the Budget Speech
23 February 2017
The Young Communist League of Africa [uFasimba] note the Budget Speech presented by the Minister of Finance on behalf of the government of the Republic of South Africa.
We believe that it was a relatively well-balanced speech, especially in the midst of a global economic reality that is still recovering from low growth rates and grappling with high levels of indebtedness.
We welcome the commitment to finalizing legislation relating to mining development and land redistribution.
We welcome the increase in social grants. This will increase the aggregate demand in the economy by putting money in the hands of consumers to afford goods and services, especially in the context of rising consumer price inflation.