EC education spending projected to reach R 29.7 billion by 2016/17

Expenditure on Education by the Eastern Cape Provincial Government is projected to increase to R29.675 billion by the 2016/17 financial year, according to figures released by National Treasury.

The Provincial Budgets and Expenditure Review 2010/11 to 2016/17, shows that expenditure on Education over that period will have increased from R22.577 billion to R29.675 billion.

Between 2020/11 and 2013/14, spending on Education increased annually by 6.7% in the Eastern Cape and between 2013/14 and 2016/17 is projected to grow by 2.6% annually.

The Review points out that Education constitutes the “largest single component of provincial spending across all nine provinces, averaging 42% from 2010/11 to 2016/17.

Education spending by all nine provinces was R138.3 billion in 2010/11 and is projected to reach R202.651 billion by the 2016/17 financial year.

The Review shows that the total amount the Eastern Cape Education Department spent on compensation of employees was R18.857 billion in 2010/11, but will have risen to a projected R25.050 billion by 2016/17.
Growth in compensation of employees increased by 5.4% annually in the between 2010/11 and 2013/14 and is projected to increase by 4.3% between 2013/14 and 2016/17.

The Review states that growth in spending on cost of employees is “projected to be low” over the three year 2014 Medium Term Expenditure Framework period, relative to the annual growth, for all nine provinces, of 8.3% between 2010/11 and 2013/14.

“Given the size of the employee compensation budget,” the Review points out, provinces “need to improve their management of human resources”.

“Article published from Metro Minutes by Patrick Cull”.

Posted in Government News
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