1. COSATU’s Submission on the 2015 Budget

2. Introductory Remarks Key issues: Unemployment; Triple challenges;
Austerity vs. stimulus;
Radical economic transformation;
Tax reforms;
Delivery achievements; and
Government plans.

3. Continued
Global climate; and
Business as usual.

4. General Observations Expenditure ceiling and austerity;
Cuts in real expenditure;
EU vs. US and Chinese approach;
Public service vacancies;
Sale of state assets;
Good statements and concrete plans;
NHI, Comprehensive Social Security & Treasury;

5. Continued
Tax increases upon the poor; and
VAT.

6. Strategic Priorities for Growth & Development
Saldanha Bay;
Mining sector; and
State owned enterprises.

7. Economic Context EU austerity vs. US and Chinese stimulus;
African trade and investment;
Government economic sectoral interventions and support; and
Industrialisation, manufacturing, agriculture and tourism.

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

9. Medium Term Expenditure & Division of Revenue
Local government interventions & financing: Unicities, rural and district municipalities; and
Limpopo and Eastern Cape.

10. Economic Development Oceans economy; Shale gas and hydraulic fracking;
Emerging farmers and land restitution; and
Integrated infrastructure development programme.

11. Employment & Enterprise Development
Employment Tax Incentives;
Manufacturing support;
Expanded Public and Community Works Programmes; and
Environmental Affairs jobs programme.

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

13. Education, Sport & Culture
Crisis;
Text books;
Safety and security; and
Mud schools.

14. Post-School Education & Training
New universities;
NSFAS; and
Colleges.

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

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

17. Defence, Public Order & Safety
Corruption;
Crime; and
Judicial system and correctional services.

18. Transport Rail upgrading and procurement; Public transport; and
E Tolls and user pay.

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

20. Revenue & Tax Measures COSATU tax reform proposals; New taxes:
Income tax;
Electricity and fuel;
Sin;
Property sales; and
UIF.

21. Continued
VAT; and
Tax evasion.

22. State Owned Companies Deputy President’s interventions;
Financial developmental mandates;
Sale of state owned assets; and
SAA, SAA Express and Mango.

23. Developmental Finance Institutions
IDC
DBSA

24. Financial Sector Reforms
Banking sector interventions; and
Retirement reforms.

25. Conclusion & Thank you. 34% unemployment and triple challenges;
Business as usual;
Austerity vs. stimulus;
Wasteful expenditure;
Developmental achievements; and
Radical economic transformation.