. It is of the view the MTBPS is proposing a contractionary budget; . The MTBPS should have taken a more development perspective, particularly focusing on the Millennium Development Goals; . it is also of the view that the MTBPS does not place enough emphasis on the creation of employment; . Employment should be at the primary focus of South Africa's economic policy; . The economic growth projection of 3.9 per cent is not sufficient to create jobs. . A concern was raised that the cost burden of the global economic recovery will be placed on the south. Calls for fiscal consolidation by the G20 are a means to introduce fiscal austerity measures in which public sector expenditure on social services are to be cut. Thus a call for South African fiscal policy to be independent of the G20 prescriptions; . Another concern was raised with regard to the currency appreciation and its implications for the export trade sector and the local producers that supply to the export market. It was rgued that it could have implications for labour operating within this sector. Hence, the People's Budget Coalition called for a coherent exchange rate management policy package that is linked to industrial development policy and implemented at a macro-economic level.