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A_C_D_P's profile
ACDP South Africa
ACDP South Africa
ACDP South Africa
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@A_C_D_P

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ACDP South AfricaVerified account

@A_C_D_P

African Christian Democratic Party ● Modern, Conservative, Christian ● Full statements on Website & FB ● Manifestos & Constitution on website● info@acdp.org.za.

South Africa
acdp.org.za
Joined June 2012

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    1. ACDP South Africa‏Verified account @A_C_D_P 26 Feb 2020

      Hard decisions relating to state-owned enterprises and the bloated public sector wage bill must be supported to ensure a credible fiscal consolidation path - Steve Swart .MP reacting to #TitoMboweni 's #BudgetSpeech2020 https://www.facebook.com/379138726819/posts/10156778745881820/ … #BudgetSpeech

      1 reply 1 retweet 0 likes
      Show this thread
    2. ACDP South Africa‏Verified account @A_C_D_P 26 Feb 2020

      Government must implement Economic Growth Plan to create jobs, increase revenue, and stabilize debt levels - Steve Swart .MP reacting to #TitoMboweni 's #BudgetSpeech2020 https://www.facebook.com/379138726819/posts/10156778745881820/ …

      1 reply 0 retweets 0 likes
      Show this thread
    3. ACDP South Africa‏Verified account @A_C_D_P 26 Feb 2020

      #ACDP believes Minister #TitoMboweni may have done enough in todays #BudgetSpeech2020 to restore investor confidence and to avoid a Moody’s downgrade. https://www.facebook.com/379138726819/posts/10156778745881820/ … #BudgetSpeech

      1 reply 0 retweets 0 likes
      Show this thread
    4. ACDP South Africa‏Verified account @A_C_D_P 26 Feb 2020

      The fiscal outlook has worsened since October’s MTBPS, largely as a result of widespread load-shedding & the low economic growth rate (estimated to be down to less than 0.3% of GDP for 2019/2020) - Steve Swart #BudgetSpeech2020 https://www.facebook.com/379138726819/posts/10156778745881820/ … #BudgetSpeech

      1 reply 0 retweets 1 like
      Show this thread
    5. ACDP South Africa‏Verified account @A_C_D_P 26 Feb 2020

      Minister #TitoMboweni has little or no fiscal space to move with gross tax collections and VAT receipts being considerably lower than February 2019 projections (revenue is expected to be R63.3bn less) - Steve Swart .MP reacting to #BudgetSpeech2020 https://www.facebook.com/379138726819/posts/10156778745881820/ …

      1 reply 0 retweets 1 like
      Show this thread
    6. ACDP South Africa‏Verified account @A_C_D_P 26 Feb 2020

      Slow economic growth is regrettably expected to be the new normal given ongoing load-shedding (for the next 18 to 24 months), accompanied by low business and investor confidence - Steve Swart .MP reacting to #BudgetSpeech2020 https://www.facebook.com/379138726819/posts/10156778745881820/ …

      1 reply 0 retweets 0 likes
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    7. ACDP South Africa‏Verified account @A_C_D_P 26 Feb 2020

      Sadly there has been no acknowledgement that this dire state of affairs is largely due to state capture, corruption & mismanagement of state resources, as well as policy uncertainty, particularly under the Zuma administration - Steve Swart .MP reacting to #BudgetSpeech2020

      1 reply 0 retweets 1 like
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    8. ACDP South Africa‏Verified account @A_C_D_P 26 Feb 2020

      We'd like to see the main budget revenue equaling non-interest expenditure within the medium term & to set the debt consolidation path to stabilize gross national debt below 70% of GDP by 2022/23 (up from est 65.6% for 2020/21). This may help stave off sovereign rating downgrade

      1 reply 0 retweets 0 likes
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    9. ACDP South Africa‏Verified account @A_C_D_P 26 Feb 2020

      Several state-owned companies are in financial distress due to corruption, governance failures and poor operational performance. This has resulted in unaffordable debt burdens that pose a significant threat to the fiscus - Steve Swart .MP reacting to #BudgetSpeech2020

      1 reply 0 retweets 2 likes
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    10. ACDP South Africa‏Verified account @A_C_D_P 26 Feb 2020

      A sustainable plan is needed & must include the sale of non-core assets and private sector involvement. Financial support for Eskom, the most significant threat to the economy & state finances in the current year & over med term, amounts to a staggering R161bn #BudgetSpeech2020

      1 reply 0 retweets 0 likes
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      ACDP South Africa‏Verified account @A_C_D_P 26 Feb 2020

      It is also regrettable that an additional R16.4bn is to be given to SAA - Steve Swart .MP reacting to #TitoMboweni 's #BudgetSpeech2020 https://www.facebook.com/379138726819/posts/10156778745881820/ … #Budget2020

      10:19 AM - 26 Feb 2020
      1 reply 0 retweets 0 likes
        1. New conversation
        1. ACDP South Africa‏Verified account @A_C_D_P 26 Feb 2020

          High-level discussions & a political agreement between government & labour will be necessary to achieve a public sector wage bill saving through a combination of modifications to cost of living adjustments, pay progression & other benefits - Steve Swart .MP #BudgetSpeech2020

          1 reply 1 retweet 0 likes
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        2. ACDP South Africa‏Verified account @A_C_D_P 26 Feb 2020

          The focus on reducing the spiraling public sector wage bill should also be on reducing the bloated managerial layer, rather than on teachers, police officials, and nurses, who are key to service delivery - Steve Swart .MP on #BudgetSpeech2020 https://www.facebook.com/379138726819/posts/10156778745881820/ …

          0 replies 1 retweet 0 likes
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          3. End of conversation

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