THE 2006 NATIONAL BUDGET
1.0 Introduction
The Minister of Finance Trevor Manuel delivered his 10th highly anticipated budget on the 15th February 2006, with what the Market Economic Research (MER) termed ¡§a remarkably successful fiscal policy era continuing to be in evidence¡¨ The MER further attest to the fact that the overall tone of the budget is one of ¡§stability and conservatism¡¨.
Broadly speaking many commentators maintain the budget ¡§is conservative, credible, emphasises stability and sustainability, enhances the expected positive macroeconomic trajectory for South Africa; and is financial market friendly¡¨ (Du Toit, 2006).
Minister Manuel opened his speech by quoting Ben Okri¡¦s rendition of ¡¥A way of being free, 1997¡¨ ¡V ¡§There are no joys without the nightmares that precede them and spring them into light¡¨
2.0 South Africa¡¦s Economic Scenario
The Minister highlighted that 350 00 jobs were created in 2005, almost 1500 new jobs every......
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