Recovery only occurred in the fourth quarter of 2009 but the growth levels are not projected to reach those of 2007 and 2008. As a result, the public sector too had its challenges and had to undergo adjustments, as there is still a strain in national revenues. There are still changes required to produce long-term supporting initiatives to drive the economy and continue with sustainable development. 2010/11 is not an assured year, there's hope but no guarantees.
Poverty reduction, improved infrastructure and facilities in health, education, and various other sectors, creating a favourable economic environment and sustained economic growth, including fiscal stimulus to contribute to employment creation and economic diversification are all components that BOCCIM believes contribute to a sustainable economy. BOCCIM appreciates the efforts by government to consult and engage the private sector in various aspects relating to the economy, especially in respect to the proposed tax reforms but we believe more can be done to streamline the constitution.
