Below is a statement by the Hon Professor Mthuli Ncube, Minister
of Finance and Economic Development, on the State of the Economy and the Way
Forward, issued on 5 December 2018
On 22 November 2018, I presented the 2019
National Budget to Parliament under the theme — “Austerity for
Prosperity”. The Budget constituted the first economic and financial
framework for implementing the Transitional Stabilisation Programme (TSP),
which is also an initial stepping stone towards realising Vision 2030.
And indeed, that ambitious Vision is duly the
theme of this Conference — “Towards an Upper Middle Income Economy by
To give perspective to this conference theme,
allow me to briefly walk delegates on the state of our economy, before
highlighting the thrust of the TSP and the 2019 National Budget.