Budget 2023
Share

Service: SA not getting 'bang for buck'

Cape Town - South Africa is not getting enough "bang for its buck" when it comes to service delivery, Finance Minister Pravin Gordhan disclosed in his medium-term budget policy statement on Thursday.

"Over the past decade, the redistributive and pro-poor character of public spending has significantly improved, alleviating poverty and advancing social development," the minister said.

"But there is an increasing concern within government that additional budget allocations do not result in commensurate improvements in service delivery."

Gordhan said the goal would be to improve the quality and composition of spending.

The plan was to shift from consumption to capital investment.

Over the next three years, spending growth would remain stable and "well contained", while continuing to support social priorities.

Cementing a commitment to lessening "unproductive" spending, Gordhan said there would be no upward adjustment of the overall spending projection set out in the 2012 budget for the next two years.

In monetary terms, this would mean the budgeted non-interest expenditure of R953bn for 2013/14, and R1.03 trillion for 2014/15, would not be revised.

"This marks a necessary shift from the pattern of additional spending allocations that had come to be taken for granted over the past decade," he said.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.13
+0.2%
Rand - Pound
23.80
+0.1%
Rand - Euro
20.41
-0.1%
Rand - Aus dollar
12.30
+0.0%
Rand - Yen
0.12
+0.1%
Platinum
942.50
-0.8%
Palladium
1,024.50
-0.5%
Gold
2,387.26
+0.3%
Silver
28.49
+0.9%
Brent Crude
87.11
-0.2%
Top 40
67,162
-0.0%
All Share
73,204
-0.1%
Resource 10
63,141
-0.3%
Industrial 25
98,541
+0.1%
Financial 15
15,456
-0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders