Increased spend on economic development over medium term is modest, but intended to be potent
Expenditure on economic development will increase at an average annual rate of 8.5% over the next few years, from R201-billion in 2021/22 to R256-billion in 2024/25, the National Treasury revealed in its Budget 2022 document published on February 23. This function in government’s capital allocation promotes faster and sustained inclusive economic growth to address unemployment, […]