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Moodle X A] OMICS 511(2023S1EC511AD) SECTION D: ESSAY QUESTIONS: The Minister of Finance delivered his Budget Speech for 2017/18 amidst depress essed GDP prospects, and

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Moodle X A] OMICS 511(2023S1EC511AD) SECTION D: ESSAY QUESTIONS: The Minister of Finance delivered his Budget Speech for 2017/18 amidst depress essed GDP prospects, and negative balance of payment figures. 2041 29%, and 2.2% in GDP is estimated to be 0.5% in 2016, increasing to 1.3%, 2%, 17 2018, and 2019, respectively. Consumer Price Index (CPI) inflation estimated to be 6.4% in 4% in 2016 and 2017, and decrease to 5.7% -/ yo and 6% in 2018 and 2019, respectively. The balance of payments current t as a percentage of GDP is expected to slightly decrease from 2016 at -49% %, 2017 at -3.9%, 2018 at -3.7%, and 3.8% in 2019. ww.bdo.co.za/en-za/insights/2017ational-budget-speech- 2017/south-africa%E2%80%99s-budget-2017-18-in-perspective) QUESTION 4: (25) With reference rica's macroeconomic objectives and explain TWO policies used by

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