Parties welcome Gordhan’s Budget

first_imgUnited Democratic Movement deputy secretary general Nqabayomzi Kwankwa said the UDM was happy with the budget overall. “We feel it was a good speech under circumstances because you must keep in mind we are operating in an environment where there are declining revenues and ever-increasing demands for expenditure on government,” Kwankwa said. “We are a bit concerned about the impact that would have during a time when liquidity is fairly tight,” he said. It exceeds R1-trillion – for the first time ever – with the bulk of spending, R615.7-billion, earmarked for social services. Revenue is expected to be about R904.8-billion. Democratic Alliance spokesman Tim Harris said the money allocated for infrastructure and growth was “not good enough”. “I don’t think we got it today, but let’s give the minister credit because he managed to bring the budget deficit down. African Christian Democratic Party spokesman Steve Swart said the budget was a pleasant surprise. “All in all [it was] a very positive budget in difficult circumstances.” Tax relief for small and micro business was welcome, but “we should view the tax relief offset by inflation and by the rising input costs”. Positive under circumstances Inkatha Freedom Party leader Mangosuthu Buthelezi said the budget was “somehow predictable, both in terms of what it addresses and in terms of what it fails to address”. “It is very important that Cosatu supports him [Gordhan] now. If they don’t do it, we are going to have trouble with regards to the state wage bill,” Koornhof said. 23 February 2012 Encouraging saving The move to encourage savings was a sensible one and really a move to lower the risk of the state having to take care of people who had not made provision. Freedom Front Plus leader Pieter Mulder welcomed plans aimed at encouraging the public to save. There were a number of positive announcements in the budget, he said. However, SA Chamber of Commerce CEO Neren Rau was concerned about the increase in taxes on business. “Our biggest concern is the increased taxes on business – capital gains tax and the corporate tax. Cape Chamber of Commerce and Industry executive director Viola Manuel said overall the budget was encouraging. “We support the minister’s call for demand-driven growth and we also thank him for acknowledging the importance of all the social partners working together.” “The fact that he managed to do that shows us that we have more space to be bold on growth and on infrastructure particularly. We want to see far more on growth. Those numbers aren’t good enough,” he said. Nick Koornhof, of the Congress of the People, said government should lead the way and show it could spend taxpayers’ money properly. It was also important for the Congress of SA Trade Unions to support the budget. Much would depend on whether or not, this time around, declarations of policy would materialise into programmes of action. The most concerning aspect was the insufficient emphasis on economic growth, he said. “If the cost of doing business is increasing, lowering tax only marginally offsets the problem,” Manuel said. Political parties and others have broadly welcomed Finance Minister Pravin Gordhan’s 2012/13 Budget, tabled in the National Assembly on Wednesday. Sapalast_img read more

Creamline sits star, takes Game 1 anyway

first_imgGinebra flattens NLEX on the road Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Robredo should’ve resigned as drug czar after lack of trust issue – Panelo LATEST STORIES View comments FEU Auditorium’s 70th year celebrated with FEU Theater Guild’s ‘The Dreamweavers’ MOST READ Earlier, Mega Builders and Cignal TV toppled their respective rivals to move closer to forging a duel for the men’s crown in the mid-season conference of the country’s premier league organized by Sports Vision and backed by Mikasa and Asics.The Volley Bolt got back at the Air Force Jet Spikers, fighting back from two sets down and hacking out a 19-25, 16-25, 25-20, 26-24, 15-10 decision, while the HD Spikers thwarted the Sta. Elena side, 25-16, 25-16, 20-25, 25-18, at the start of their respective best-of-three series.Sports Related Videospowered by AdSparcRead Next NGCP on security risk: Chinese just technical advisers Trump strips away truth with hunky topless photo tweetcenter_img But team management later decided to give the former two-time league MVP the rest she deserves following a grueling 17-day training with the national team in the Japan.Creamline officials also released a statement later saying Valdez will sit out the rest of the conference.The Cool Smashers haven’t lost a step since losing Valdez to national team duties, and they showed the ability to handle pressure minus their star player by saving four match points to steal the third set and then rebounding from a lopsided loss in the fourth with a dominant showing in the decider.Vargas stood out in that emphatic stretch, firing away power-packed spikes that bamboozled the Water Defenders.Creamline shoots for the championship berth in Game 2 at 6:30 p.m. Sunday night.ADVERTISEMENT “Coming off a fourth set loss, we thought of stepping up in the fifth,” Vargas said. “We were able to communicate and everybody contributed.”In putting a foot inside the Finals, Creamline ran its winning streak to eight games after sweeping the classification phase of the mid-season conference organized by Sports Vision.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsAnd the Cool Smashers did it despite the continued absence of Valdez.Valdez, a member of the national team that will see action in two tournaments this month, got the green light from the national volleyball federation to suit up for the Cool Smashers for the playoffs. Lacson: SEA Games fund put in foundation like ‘Napoles case’ Church, environmentalists ask DENR to revoke ECC of Quezon province coal plant National Coffee Research Development and Extension Center brews the 2nd National Coffee Education Congress Don’t miss out on the latest news and information. After celebrating their Game 1 victory, the Creamline Cool Smashers will walk into Game 2 with a chance to seal a Finals berth. —AUGUST DELA CRUZRosemarie Vargas stepped up when Creamline needed her the most, providing the key points in the decisive set for a 25-19, 13-25, 28-26, 18-25, 15-7 decision over BaliPure Saturday night to inch closer to a maiden finals berth in the Premier Volleyball League Open Conference at Filoil Flying V Centre in San Juan.Vargas filled in for superstar Alyssa Valdez, who Creamline opted to sit out at the last minute, and pumped seven of her 19 points in the fifth set, including five hits off the block, as the former Far Eastern U standout perplexed the Water Defenders with her power to give the Cool Smashers a 1-0 headstart in their best-of-three semifinal series.ADVERTISEMENT DILG, PNP back suspension of classes during SEA Gameslast_img read more