Write and submit a typed essay on the following topic:
Read through the Budget Speech presented by the Minister of Finance on 22 February 2012. Explain in detail whether the elements of the Budget Speech succeeds in contributing to the simultaneous achievement of fiscal sustainability and sustainable development in South Africa. Make use of examples from the Speech to substantiate your discussion. Also, clearly define what is meant by human capital investment, fiscal sustainability and sustainable development in your discussion. Comment on the current state of human development in South Africa. (Inclusion of recent statistics with regard to the above is very important).Which fiscal balance is likely to be influenced (and how) by treating human capital investments the same as physical capital investments.