Ten years ago, South Africa set aside R54-billion to pay interest on its debt. Today, R202-billion, or 11% of the total budget, is used to service debt.
Looking at data from the past decade, South Africa’s government expenses have grown by nearly a third since 2005-2006. Since its inception, the bulk of the education budget has gone towards teachers’ salaries. Finance Minister Tito Mboweni this week said that R220-billion will be provided for the salaries of state employees in the education sector, up from R192-billion in the previous period.
Another focus area is that of school infrastructure. Last year, the spending backlog of these grants was R2-billion. On Wednesday, Mboweni said an additional R2.8-billion would be added to the grant scheme to replace pit latrines at more than 2 400 schools.
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