Not enough for infrastructure: DA

By Drum Digital
22 February 2012

The money allocated for infrastructure and growth is not good enough, the Democratic Alliance said on Wednesday, after Finance Minister Pravin Gordhan tabled the 2012/13 Budget.

"I don't think we got it today, but let's give the minister credit because he managed to bring the budget deficit down," DA finance spokesman Tim Harris said.

"The fact that he managed to do that shows us that we have more space to be bold on growth and on infrastructure particularly.

"I mean the growth number that he [announced] today is projected to grow at 2.7 percent and that's with the globally economy growing faster... and Africa growing even faster... We want to see far more on growth. Those numbers aren't good enough."

The budget showed that this year less would be spent on infrastructure, he said.

"Last year, we were projecting to spend around 8.1 percent... that number has now gone down to 7.8 percent, so actually we are spending less on infrastructure."

Harris said Gordhan was alluding to amounts he wanted to spend after 2015, when there was a substantial deficit on infrastructure right now.

"We want to see bolder numbers," he said.

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