South Africa on the brink of a new budget

by Jared Fruland

South Africa Legislature unveiled a new budget plan today with surprising increases in the areas of: housing, education, and health. They also unveiled new plans to design and implement a new Social Security policy for all the people in South Africa. The annual budget, according to MSN Money, has been set at $534 Billion. In my opinion this could possibly be an amazing feet for S. Africa. With improved education, health, security, and a social security plan, people will live longer and the economy only has one way to go, up. Finance Minister Trevor Manuel told Parliament, "The 2007 budget strives to accelerate economic growth and work opportunities, modernize our public services and infrastructure, and fight poverty because we have a shared pledge to work together in action." This is an excellent example of both economic reform and hopefully, economic growth in the future. This comes at the same time as the UN releasing their Regionalization on economic growth for Africa, a revolutionary idea concluded by many at a two-day meeting in Kenya. With the immense help from the UN and different countries economies it will yield a higher standard of living for different countries economies. It is good to see the UN helping improve countries economies and standards of living.