Transcription of FISCAL POLICY AND THE BUDGET FRAMEWORK
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FISCAL POLICY AND THE BUDGET FRAMEWORK
31 FISCAL POLICY AND THE BUDGETFRAMEWORKThe FISCAL POLICY frameworkGovernment s FISCAL POLICY seeks to support structural reforms of theSouth African economy consistent with long run growth,employment creation and an equitable distribution of income. It aimsto promote investment and export expansion while enablingGovernment to finance public services, redistribution anddevelopment in an affordable and sustainable BUDGET POLICY aimsFiscal POLICY seeks to: ensure a sound and sustainable balance between Government sspending, tax and borrowing requirements; improve domestic savings to support a higher level of investmentand reduce the need to borrow abroad; keep government consumption spending at an affordable level,contributing to lower inflation and a sustainable balance ofpayments.
to promote investment and export expansion while enabling Government to finance public services, redistribution and development in an affordable and sustainable budget framework. Fiscal policy aims Fiscal policy seeks to: ♦ ensure a sound and sustainable balance between Government’s spending, tax and borrowing requirements;
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