MEDIUM TERM BUDGET POLICY STATEMENT 97 - …

MEDIUM TERM BUDGET POLICY STATEMENT 97 -MACROECONOMIC POLICY & PROSPECTSM acroeconomic POLICY frameworkGovernment has adopted a macroeconomic POLICY framework which will deliver job creation,better export performance, more investment, greater efficiency and equity of governmentspending and enhanced human resource is a POLICY framework that takes into account the structural challenges the economy mustconfront: Economic expansion in South Africa tends to lead to a rapid growth of imports,putting the balance of payments under pressure and constraining the prospects forsustained growth. Investment and savings levels, which have been uncharacteristically low in recentyears, will need to be substantially increased if strong growth is to be sustained. Unemployment remains a major economic weakness, contributing both to the highdegree of income inequality and social fragmentation that characterise South enough jobs are being created as the economy macroeconomic dimensions of Government's response to these challenges were outlinedin the Growth, Employment and Redistribution framework published in June output and expenditure trendsGross domestic productT

MEDIUM TERM BUDGET POLICY STATEMENT 97 - MACROECONOMIC POLICY & PROSPECTS Macroeconomic policy framework Government has adopted a macroeconomic policy framework which will deliver job creation,

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  Macroeconomics, Policy, Terms, Medium, Testament, Prospects, Budget, Medium term budget policy statement, Macroeconomic policy amp prospects macroeconomic policy

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