Provinces increase their expenditure by nearly 5% in the second quarter
National Treasury has revealed that South Africa's provinces spent 50.6%, or R384.9-billion, of the allocated main budget of R760.1-billion in the second quarter of the 2024/25 financial year, which represents a 4.8%, or R17.7-billion, increase compared with the same period in the 2023/24 financial year.
Spending on education amounted to R158.6-billion, or 50.1% of the provincial education main budget of R316.5-billion, from April to September. This was R4.9-billion, or 3.1%, higher year-on-year.
Social development expenditure at the end of the second quarter of 2024/25 amounted to R11.2-billion of the total main budget of R22.3-billion, which represented an increase of 5%, or R534-million, compared with the same period in 2023/24, Treasury said.
Further, personnel expenditure, or compensation of employees, amounted to R235.5-billion, or 49.9%, of the R471.7-billion main budget. This represented an increase of 5.3%, or R11.9-billion, compared with the same period of the 2023/24 financial year.
Departments are projected to overspend by R11-billion, primarily driven by goods and services of R6.9-billion, and compensation of employees of R3.4-billion for the full financial year.
Aggregate spending on goods and services was R83.4-billion, or 53.3%, of the R156.4-billion main budget, which was 5.1%, or R4-billion, higher compared with the R79.3-billion spent during the comparable second-quarter period of 2023/24.
Meanwhile, provinces collected R12.8-billion, or 52.1%, of the budgeted own revenue of R24.5-billion. This represents an increase of R637.6-million, or 5.2%, compared with the same period in the previous financial year.
For the year to date, payments for capital assets, or capital spending, amount to R17.9-billion, or 43.6%, of the R41.1-billion main budget. The spending rate has increased by 13.9% compared with the same period in the previous financial year, Treasury said.
Comments
Research Reports
Projects
Latest News
Showroom
We are responsible manufacturers of essential components. Manufacturing 80 million parts a week, we have over 1 billion parts in stock.
VISIT SHOWROOM
From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
