Question NW2919 to the President of the Republic
09 November 2015 - NW2919
Lekota, Mr M to ask the President of the Republic
Whether he intends to request Cabinet and selected South African economists to examine the crisis that is overwhelming the Government of Greece with a view to seek advice on what pro-active steps the South African Government should take without delay to prevent a similar kind of tragic fate from overtaking the citizens of the country as a result of any grave mistake and fiscal indiscipline that the Government might be making; if not, why; if so, what are the relevant details?
Reply:
The Cabinet and government in general pay close attention to developments in other parts of the world, including Greece, with a view of understanding their implications for our country. Our main focus is on taking steps that will grow the South African economy in order to create jobs and bring about inclusive growth and development leading to employment and improved quality of life.
We have steered the South African economy with diligence and care during the most trying global economic crisis that began in 2008. It is through the efforts of all South Africans, those who are in government and those outside of it, working together that has made it possible for our economy to weather the storm.
Government also remains focused on ensuring continued fiscal sustainability, which is extensively discussed in the Medium Term Budget Policy Statement recently tabled in Parliament.
We plan to continue implementing the National Development Plan, (NDP), and operational plans within the NDP such as the New Growth Path and Industrial Policy Action Plan in order to ensure that we meet our economic development targets.