Global economic conditions have deteriorated somewhat since the publishing of the Medium Term Budget Policy Statement in October. Sentiment towards emerging markets has grown negative and developing countries are grappling with various challenges.
South Africa still faces the challenges of lower economic growth, widespread unemployment and inequality. Government’s budget in 2016/17 will amount to over R1.3 trillion and will be spent on wages, goods and services, infrastructure and supporting the poor. There is a need to ensure that every rand government spends makes a difference in the lives of our people.
It is in this context that the Minister of Finance Mr Pravin Gordhan invites South Africans to voice their views about their economic concerns and issues they would like government to highlight in the Budget on 24 February 2016.
In particular, the Minister would like your ideas on:
- What are the three things that government does very well
- What are the three things that government should stop doing
- What are the three areas that government spending should be directed to
- How can South Africa achieve inclusive economic growth
The Minister looks forward to your contribution.
You can send your contributions in the following ways:
- Facebook: National Treasury South Africa
- Twitter Handle: #Budget2016 and Follow @NationalTreasu2
- National Treasury website: http://www.treasury.gov.za