Mr Sonday’s advice was  that “we should build more roads and train routes, because the sooner you get a worker at the desk or machine the more productive the economy will be”. Today I back our pubs again. One thing, however, will never change. I  have  a simple message. Thousands of families will benefit from the measures contained in this budget to support affordable housing. They made the flow of people, goods and services faster and cheaper. And government as an employer contributes to training and organisational development across the wider economy. There are also initiatives in progress to reinforce financing of these projects. This year we are expected to borrow less than half that, at £72.2 billion. They point to the turbulence in financial markets, slower growth in emerging economies like China, and weak growth across the developed world. And while 9% will pay more; over 90% will see their tax bills cut or stay the same. It notes that our infrastructure financing requirements are huge, and require effective co-funding arrangements between SOCs and other investors. This means we must address institutional and regulatory barriers to business investment and growth. Taken altogether, the further steps in this Budget to stop tax evasion, prevent tax avoidance and tackle imbalances in the system will raise £12 billion for our country over this Parliament. Our policy commitment is to achieve universal health coverage, and comprehensive social security.
Backing people who work hard and save. The Department of Agriculture, Forestry and Fisheries aims to  bring 120 000 hectares of land into productive use in the period ahead, benefitting 145 000 subsistence and smallholder producers each year. Title II. Tax proposals Inclusivity is also an important principle in our tax system, Honourable Speaker. In the past I’ve been able to double it for one year only. Accordingly, the theme for the financial Year 2016/17 Budget is Enhanced Productivity for Job Creation. Over the next two years, we will fund and support the construction or renovation of over 3,000 shelter spaces or transition homes for victims of violence. In short this Budget puts the next generation first. But with these new flexibilities in place, we’ll do what other countries do and restrict the maximum amount of profits that can be offset using past losses to 50%. When the jobs started coming we were told they’d be low skilled. We have avoided reckless policies which might have dragged us into recession or reversed the capital flows we need. Parents understand that their children’s future depends on the education and skills they get and that post-secondary education has become an important factor in our children’s future success. Yet we are resilient, we are committed, we are resourceful.

If we act together, on these principles, as public representatives, civil servants, business people, youth, workers and citizens, we can overcome the challenges of tough economic times and difficult adjustments. Robinsons recently removed added sugar from many of their cordials and squashes. Not everyone makes these contributions, and so their benefits are not universally enjoyed. However, the institutional foundations of our economy remain resilient: •    The inflation targeting framework provides an anchor for price and wage setting. Honourable Speaker, the past year has seen a deterioration in the global economy. Wages haven’t grown significantly since the 1970s. All in a Budget that backs small business. That is money in the pockets of mom and dad. We are resilient, we are committed, we are resourceful. Yet we continue to see underspending of infrastructure grants in many local authorities. It seems clear, furthermore, that we do not need to be invested in four airline businesses. Centrally negotiated contracts will be mandatory with effect from April 2016. And for those under 40, many of whom haven’t had such a good deal from the pension system, I am introducing a completely new flexible way for the next generation to save. function loadDoc() {var xhttp = new XMLHttpRequest(); xhttp.onreadystatechange = function() { if (this.readyState == 4 && this.status == 200) { document.getElementById("pressoffice").innerHTML = this.responseText; }}; xhttp.open("GET", "https://mg.co.za/scripts/rss/pressofficeServer.php?menu=false&items=5&feed=http://pressoffice.mg.co.za/feed/rss2.php", true); xhttp.send();} loadDoc(); For all the latest information and advice from the Department of Health relating to Covid-19, please visit sacoronavirus.co.za. Protecting the integrity of our health care system is of utmost importance to our government. We will increase the Earnings Loss Benefit to provide income replacement of 90 per cent of pre-release salary for injured veterans, and index this benefit so that it keeps pace with inflation.

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