Insights into Fiscal Constraints in South African Finance and Education
Explore the intricate balance between national priorities, like youth unemployment and education, within South Africa's financial landscape. Dive into the challenges faced by provinces in allocating resources, addressing infrastructure backlogs, and making informed choices for sustainable development.
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Presentation Transcript
FINANCE AND EDUCATION IN SOUTH AFRICA
2 Fiscal Constraints - CHOICES 1 NATIONAL Competing Priorities Youth Unemployment/ Poverty/ Post-Covid Basic Income Grant/ PYEI/ NHI/ Basic Services/ Salary Demands EDUCATION?
5 Basic Education Expenditure 2021/22 2022/23 2023/24 2024/25 Percentage of total MTEF Average annual MTEF Revised estimate 284 297 Medium-term estimates R million Basic education 100,0% allocation 2,0% growth 298 102 297 301 301 262 Compensation of employees 216 479 222 349 221 003 229 095 75,0% 1,9% of which: Provincial compensation of employees Goods and services 215 776 221 635 220 295 228 359 74,8% 1,9% 28 844 29 975 29 468 30 895 10,1% 2,3% of which: Property payments 4 032 5 472 5 020 5 730 1,8% 12,4% Workbooks and LTSM1 National school nutrition programme Transfers and subsidies 5 345 5 613 5 551 5 714 1,9% 2,3% 8 115 8 508 8 879 9 278 3,0% 4,6% 27 210 33 321 34 147 28 867 10,7% 2,0% of which: Subsidies to schools2 Education infrastructure grant School infrastructure backlogs grant Early childhood development grant 23 457 29 542 30 003 24 354 9,4% 1,3% 11 689 12 384 13 094 13 342 4,3% 4,5% 2 003 2 038 1 714 1 791 0,6% -3,7% 1 235 1 193 1 242 1 298 0,4% 1,7%
6 Fiscal Constraints - CHOICES 2 Within Provinces Education/ Health/ Economic Development (Unemployment, Poverty) Implications of salary adjustments hit hard here limited choices for provinces in this regard EDUCATION Infrastructure Backlogs Child Nutrition Teacher Numbers ECD Curriculum Changes (Coding, Robotics, 3 Streams) Early Grade Reading?
7 Fiscal Constraints - CHOICES 3 Within Provincial Education Departments CoE limited choice. The main cost pressure, about 80% of all expenditure Infrastructure, including backlogs (mainly EIG and SIBG) Where to allocate the balance? PRIORITISE shouldn t try and do everything and may need to do less of some things Make Informed Choices what is needed, and what do we know works Use available resources Education Assistants Cost Sharing Partnerships
