budget

Banks Criticised for Supporting Corrupt Regimes

The Global Witness is accusing several of the world's largest banks of playing a role in supporting some of West Africa's most corrupt regimes.

In a report entitled "Undue Diligence", the organisation tracked the flow of money out of a number of the world's most criticised regimes. It argues that the trail leads to, and through, a handful of the world's largest international banks, including Citigroup, Barclays, and HSBC.

More money in tough times

The severe economic downturn means that NPO’s must make the most of fewer funding opportunities. Earning as much as before from fewer applications implies upsizing your applications. Doing what comes naturally – asking for less – gives a double whammy: too few grants to chase and too little money if granted. This article offers suggestions to help solve this persistent problem.

How do severe downturns affect funding?

Green tax, brown investment

The 2009 budget: WWF (The World Wide Fund for Nature) welcomes tax reforms, but cautions on public investment and finance guarantees.

The 2009 budget expands on the principles of environmental fiscal reform introduced in the 2008 budget. Introducing a tax should target unsustainable spending, but to be fair, government should also support the reduction of cost of sustainable alternatives.

The positives:

Carbon tax

A cautious helping hand

Finance Minister Trevor Manuel's 2009 budget outlined cautious plans to aid some of South Africa's struggling business sectors, namely mining and the motor industry, in the face of growing economic turmoil.

In his budget speech the minister highlighted a R1,8-billion "boost", for the local mining industry through the deferring of government's mining royalties regime, from this year to 2010.

To read the full article, click here.

Cops get R5.4bn tech boost

Finance minister Trevor Manuel has set aside R5.4 billion for safety and security to be ploughed into technology solutions.

In his budget speech this afternoon, the minister explained that part of the funding has been allocated to the sector's integrated fingerprint and DNA database. It will also be stretched to include the upgrade of the police's ICT systems, which will receive R100 million this year alone.

To read the full article, click here.

R161bn more for social spending

Finance Minister Trevor Manuel's 2009/10 budget allows for a R161bn increase in allocations for improving the quality of education, health, crime fighting, public employment programmes and infrastructure investment.

Manuel said this meant 5.1% real growth in spending on public services over the next three years. This money will be targeted specifically to achieve five enduring principles, the first of which is protecting the poor during the period of slower economic growth that lay ahead.

Have you been relieved

Have you been relieved

Have you been relieved
our budget done again
by the Finance Minister
who has survived himself

Have you been relieved
of your income hard-earned
or maybe otherwise

Have you been relieved
of your wages of sin
fouling the environment

(Drinking yourself away
finding quick-fix relief
from life’s tribulations)

Have you been relieved
by his stewardship
in the name of development

Or might you want to

NGOs Comment on Budget 2009/10

The 2009/10 National Budget was presented by Finance Minister Trevor Manuel on 11 February 2009 in Cape Town.

SANGONeT invited various NGOs to comment on specific issues in the budget relevant to their core work and areas of interest.

Most NGOs acknowledge the unique challenges that the Minister of Finance faced in preparing this year’s budget as a result of the global financial crisis and its impact on the South African economy.

People Budget Coalition Comments on the 2009/10 Budget

The PBC cautiously welcomes the Minister of Finance’s budget speech. We are in the process of studying the details of the proposals and will issue a further more detailed statement due course.

The test by which today’s statement must be judged is to what extent it takes forward the progressive policy proposals in last week’s State of the Nation speech and those of the ANC Election Manifesto. While we welcome the Minister’s commitments to prioritise job creation and poverty reduction, many detailed proposals fall short of what is required.

Pages

NGO Services

NGO Services

NGO Events

S M T W T F S
1
 
2
 
3
 
4
 
5
 
6
 
7
 
8
 
9
 
10
 
11
 
12
 
13
 
14
 
15
 
16
 
17
 
18
 
 
20
 
 
22
 
23
 
24
 
25
 
26
 
27
 
28
 
29
 
30
 
 
 
 
 
 
Subscribe to RSS - budget