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1999

UNITED DEMOCRATIC MOVEMENT

MEDIA RELEASE


BUDGET POLICY STATEMENT

MEDIA STATEMENT ISSUED BY
DR GERHARD KOORNHOF, MP UDM SPOKESPERSON FINANCE

This statement by the Minister of Finance is indeed a “fundamentals first” approach. Its execution will require discipline and tough decisions during the next three years. It will put the Government to the test: can it keep to the economic fundamentals that are internationally acceptable? We now have a window of opportunity to grow our economy. This will, however, require good governance. The ANC will be tested to the utmost.

Not enough has been announced to address our most serious socio-economic problem: job creation. Very little, indeed, has been achieved since the infamous job summit. On this score the UDM has unique job proposals.

The acknowledgement of the Minister that savings are too low and that there is a lack of direct investment is an indication that he understands what needs to be done. But will he have the political will?

ENQUIRIES:
DR GERHARD KOORNHOF, MP
UDM Spokesperson Finance

29 October 1999

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