COSATU Submission on the 2015 MTBPS

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Presentation transcript:

COSATU Submission on the 2015 MTBPS

Introductory Remarks COSATU Parliamentary Office; Parliamentary processes; Nedlac processes; and Treasury engagements.

Economic Context Triple challenges and apartheid legacy; Increasing unemployment; Global climate; Domestic jobless and low growth; Declining tax revenues; Infrastructure challenges; Crime and corruption; Increasing frustrations; and Business as usual vs. radical economic transformation.

Fiscal Responses Expenditure ceiling and austerity; Cuts in real expenditure; EU vs. US and Chinese approach; Public service vacancies; Sale of state assets; Infrastructure and social expenditure; and Good statements and concrete plans.

Continued Tax increases upon the poor; and VAT.

Revenue & Tax Measures COSATU tax reform proposals: VAT; Luxury goods; Zero rating; Wealth or solidarity tax; Dividends and reinvestment; Local procurement; Company tax; and Beneficiation.

Continued UIF; Employment tax incentives; SACU and Swaziland; and Tax evasion.

Budget Framework & Fiscal Policy Household financial health; Real cuts in state expenditure; Freezing of public service vacancies; Public service wage bill; Wage gaps; Wasteful expenditure cut backs; Bling expenditure; and Contingency reserves.

Economic Development Oceans economy; Shale gas and hydraulic fracking; Emerging farmers, land restitution and agriculture; Integrated infrastructure development programme; Beneficiation; Investment strike;

Continued Employment Tax Incentives; Manufacturing and reindustrialisation; Sectoral support: Motor manufacturing, textiles, agriculture and tourism. Expanded Public and Community Works Programmes; and Water leaks 15 000 trainees.

Continued National minimum wage; and Labour market stability.

Health & Social Protection Basic services; HIV/ AIDS; Public health facilities; NHI White Paper; Social Grants achievements and increases; and Retirement reform and Comprehensive Social Security Discussion Paper.

Basic Education Crisis; Text books; Safety and security; Sanitation; and Mud schools.

Higher Education Free education; NSFAS; New universities; SETAs; and Colleges.

Transport, Energy & Communications Rail infrastructure; Water infrastructure and tariffs; Energy interventions; Renewable and nuclear energy; Electricity tariff increase; and Postal Services;

Continued E Tolls and privatisation; Fuel levy increase; Road funding; Public transport; Telkom; and SAA.

SAPS, Justice & Correctional Services Corruption; Asset Forfeiture Unit; SAPS; SAPS children’s bursary fund; and Judicial system and correctional services.

Financial Management Text book procurement; Tender reforms; and 30 day payments.

Conclusion & Thank you. 34% unemployment and triple challenges; Business as usual; Job creation; Austerity vs. stimulus; VAT and progressive tax reform; Renewable and nuclear energy; Wasteful expenditure and prioritisation;

Continued Employment tax incentives; Outsourcing and labour broking; Privatisation; Developmental achievements; Radical economic transformation; and Engagements.