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MyPE

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Community Business Directory, Event Listings, News and Views from Gqeberha, Nelson Mandela Bay

Main Elements of Budget 2017

22 February 2017 By Alan Straton

In his budget 2017 speech to Parliament in Cape Town on 21 February from 2:00 pm, Finance Minister Pravin Gordhan outlined what he considers as the main elements of the 2017 budget:

  1. While global growth is slightly better, geo-political and economic uncertainties have increased.
  2. Our low growth trajectory provides a major challenge for government and citizens.
  3. We need to radically transform our economy so that we have a more diversified economy, with more jobs and inclusivity in ownership and participation.
  4. Our financial situation is difficult, but we have still produced a credible budget.
  5. We need to prioritise our spending better, implement our plans more effectively and make a greater impact.
  6. We need to build the widest possible partnership to promote consensus and action on a programme for inclusive growth and transformation.

 

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Alan Straton

Chief Cook, Bottle Washer and Broom Mechanic at MyPE
Passionate about Port Elizabeth and definitely NOT packing for Perth. Alan's ethos is epitomised in the words of Nelson Mandela; "I have fought against white domination and I have fought against black domination. I have cherished the idea of a democratic and free society. If need be, it is an ideal for which I am prepared to die." See more articles by Alan.
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Latest posts by Alan Straton (see all)

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Filed Under: Business Tagged With: 2017 budget, main elements, pravin gordhan

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