ANC welcomes Budget Speech

2013-02-27 17:08 - Sapa
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(Picture: Sapa) ~ SAPA

Johannesburg - Finance Minister Pravin Gordhan's Budget Speech on Wednesday fitted well with the development programmes of the government, the ANC said.

"I'm quite happy in the sense that we are beginning to see numbers now allocated to a programme that has evolved over a period of time," said ANC secretary general Gwede Mantashe.

Gordhan said his 2013 Budget was part of the implementation of the National Development Plan.

Mantashe said the expenditure figures on education, housing and health fitted well with the ruling party's plans of advancing the economy.

He said it was pleasing that government was not spending on consumption but investment for the future.

Citizens should not worry about that the budget deficit was beyond 40% of the country's Gross Domestic Product (GDP).

"If you are investing in infrastructure, therefore the deficit is increasing. You are not wasting that money. You are putting it to increase the capacity of the economy and increase the engine of the economy to the future," he said.

On government's effort to fight corruption Mantashe said: "Results you will see when you want to see them. The problem with us in South Africa is that sometimes we close our eyes to progress. We always look for the negative all the time."

* Visit our 2013 Budget section for full coverage of Finance Minister Pravin Gordhan's National Budget speech.

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