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South Africa: SA's Fiscal Policies Cutting Poverty Rates |
| Source: |
www.sanews.gov.za |
| Source Date: |
Monday, November 17, 2014 |
| Focus: |
ICT for MDGs
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| Country: |
South Africa |
| Created: |
Nov 17, 2014 |
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The report also indicated that tax and social benefits were effectively redistributing income from rich to the poor.
“The report showed that fiscal policy is very progressive in South Africa as it benefits the poor,” Minister Radebe said.
Speaking during a post-Cabinet briefing in Cape Town on Thursday, he said the report showed that South Africa had achieved a lot in the last 20 years.
Minister Radebe said Cabinet welcomed the launch of Mashunka and Ngubo Bridge, the Tugela Ferry Irrigation Scheme and uMsinga auction facilities in Msinga, KwaZulu-Natal.
“The Tugela Ferry Irrigation Scheme will assist 1 716 small-holder farmers and the uMsinga livestock sales yard will create employment opportunities,” he said.
Minister Radebe said the Tugela River will better connect the Mashunka and Ngubo communities to services and economic opportunities.
“These infrastructure and development projects are in line with government’s aim to build vibrant, equitable and sustainable rural communities,” he said.
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South Africa: SA's Fiscal Policies Cutting Poverty Rates South Africa’s fiscal policies have lifted 3.6 million people out of poverty in 2010/11 said Minister in the Presidency for Performance Monitoring and Evaluation Jeff Radebe According to the World Bank Report on the South African Economic update’s 6th report which focused on fiscal policy redistribution South Africa’s fiscal policies were cutting the rates of poverty and inequality
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