The Democratic Alliance’s take on the Budget speech was that “with both hands more-or-less tied behind his back”‚ Finance Minister Pravin Gordhan was not able to d enough to avoid a ratings downgrade for the country.
DA finance spokesman David Maynier asserted that Gordhan was in a tight spot with very little fiscal space‚ and even less political space‚ available to him to deal with the economic crisis and the risk of a sovereign ratings downgrade.
“To get the economics right‚ the minister had to get the politics right.
“But‚ the Minister’s capacity to do things differently was limited by the political space available inside the ANC/SACP/COSATU alliance.
“With both hands more-or-less tied behind his back we think that‚ in the end‚ the minister was not able to do enough to avoid a ratings downgrade in South Africa‚” Maynier said‚ adding that a ratings downgrade was now a matter of time.
Ratings downgrade now a matter of time‚ says DA
The Democratic Alliance’s take on the Budget speech was that “with both hands more-or-less tied behind his back”‚ Finance Minister Pravin Gordhan was not able to d enough to avoid a ratings downgrade for the country.
DA finance spokesman David Maynier asserted that Gordhan was in a tight spot with very little fiscal space‚ and even less political space‚ available to him to deal with the economic crisis and the risk of a sovereign ratings downgrade.
“To get the economics right‚ the minister had to get the politics right.
“But‚ the Minister’s capacity to do things differently was limited by the political space available inside the ANC/SACP/COSATU alliance.
“With both hands more-or-less tied behind his back we think that‚ in the end‚ the minister was not able to do enough to avoid a ratings downgrade in South Africa‚” Maynier said‚ adding that a ratings downgrade was now a matter of time.
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Trending
Latest Videos