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/ 30 October 2007

Cautious thumbs-up for Manuel’s budget

Finance Minister Trevor Manuel’s 2007 Medium-Term Budget Policy Statement has received a cautious thumbs-up from some opposition parties. Tabling the budget in the National Assembly on Tuesday, he announced that almost R81,5-billion was to be added to the government’s projected spending over the next three years, bringing spending growth to 6,4% a year in real terms.