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The economy
The alliance summits discussion paper on macroeconomic policy recognises that debates on economic policy have often resulted in tensions in the alliance. The mining crisis has also undermined condence in the economy. The debate will be about the trade-offs that must be made over the use of scarce resources to grow the economy. The document notes that the country has run large budget decits for a few years, which has partly contributed to putting the country in a very precarious situation . The discussion paper suggests the following to lower the budget decit and reduce the economys vulnerability to external shocks: Boost exports and ensure mining is back to full capacity; Restore SAs position as an attractive investment destination; and Boost domestic savings and encourage the middle class to save rather than consume
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