n IMIESA - Help wanted : money to spend : finance
|Article Title||Help wanted : money to spend : finance|
|© Publisher:||3S Media (Pty) Ltd|
|Publication Date||Apr 2006|
Extracted from text ... IMIESA MAY 2006 - 49 The national budget for the 2006/2007 financial year has a concentrated focus on infrastructure and service delivery, coinciding with changes in local government administrations. Finance Minister Trevor Manual's budget speech indicated that innovative and proactive development initiatives will be the order of the day. Spending in public sector infrastructure increased significantly last year, with investment growing in water schemes, roads and telecommunications, electricity generation capacity and ports infrastructure. Public sector borrowing is currently pegged at an expected average of 2.4% of gross domestic product (GDP), allowing for a substantial increase in infrastructure and capital ..
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