Budget 2023
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Education to get biggest slice of budgetary pie

Parliament - Spending on post school education and training will grow faster than any other government programme over the next three years, says Finance Minister Nhlanhla Nene.

Over the medium term, this would amount to just under R200bn, he said in the 2014 Medium-Term Budget Policy Statement, tabled at Parliament on Wednesday.

"Underscoring government's commitment to addressing skills constraints, medium-term spending on post-school education and training, which grows more strongly than any other spending programme, will amount to nearly R200bn."

Of this amount, 55% would comprise subsidies to universities and contributions to the National Student Financial Aid Scheme, allowing an additional 116 000 university enrolments by 2016 to 2017, he said.

As expected, basic education will continue to get the biggest slice of the budgetary pie over the next three years.

"Over the 2015 MTEF [Medium Term Expenditure Framework], proposed allocations to basic education exceed R640bn, accounting for nearly 15% of all spending."

Spending on basic education would reach R226bn by 2017 to 2018 - an average annual increase of 6.3%.

In both basic and higher education and training, government wanted to see an expansion in access to institutions matched with quality outcomes.

"New tools for monitoring educational outcomes - such as the annual national assessments - are establishing platforms to address long-standing challenges."

According to the document, these approaches, in combination with greater attention to teacher training and human resource management, will improve teaching and learning around the country.

* Visit Fin24's Mini Budget Special for all the news.




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