Deputy Speaker, hon Minister, the ACDP believes that the ANC- led government has failed dismally in its central economic policy goal of accelerating inclusive growth and job creation, and ensuring sustainable finances by containing the budget deficit and stabilising public debt.
We've seen that economic growth has been revised downwards to 1,5% of GDP. Of course, estimates of revenue collection have deteriorated further since October - down by R42,8 billion.
This results in an upward trajectory of the debt-to-GDP ratio, set to reach 60% in the outer years - something which is of great concern.