Hon Chair, the EFF does not agree with the National Treasury's Budget Vote No 10, because it is based on the National Development Plan, which is a programme of the ANC, the DA, the SACP and the Young Communist League. It is based on the assumptions that trickle-down economics would work. We believe that trickle-down economics do not work anywhere, not only in South Africa, but all over the world.
The second point is, because the budget is based on a poorly conceptualised radical economic transformation programme, different people from the ruling party say different things in terms of what that means, so there is no clear and cogent perspective of what that means.
Lastly, we are saying that National Treasury and Sars have been incapable of dealing decisively with the occurrences of base erosion, of transfer pricing and profit shifting. Unless that is dealt with, the EFF does not agree with the Budget Vote. Thank you very much.