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A GEAR strategy is a South African Macroeconomic strategy that was implemented in 1996 after the misimplementation of the initial economic strategy RDP. GEAR stands for Growth Employment and Redistribution. The key pillars of GEAR when it was introduced was to reduce the fiscal deficit which was 9% in the fiscal year of 1993/4. However it has four more objectives that are embedded on this strategy namely: economic growth, full employment, price stability and balance payment stability.
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