School budgets squeezed as tertiary education students are shielded from inflation
Consolidated government expenditure on basic education rises from a revised estimate of R302bn in 2022/2023 to R309bn in 2023/2024
22 February 2023 - 15:27
The basic education sector has been allocated an extra R22.35bn over the medium term, R20bn of which is to be channelled through the equitable share to provinces to help cover shortfalls in their compensation budgets.
But provincial education budgets will remain under pressure over the medium-term expenditure framework, as funding grows at an average rate of just 3.1% over the period, well below Treasury’s inflation expectations...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.