TechInAfrica – A new publication talks about South Africa government expenses on education in the 2018/2019 fiscal year, which ended on 31st March 2019 has been released by Statistics South Africa (Stats SA).
Although this year almost ends, looking deep into this figure is worth it, when it comes to education particularly. When 2020 is over, it will be interesting to see how these numbers change in the 2019/2020 fiscal year for the government.
To that end, the government extends around R1.79 trillion (R1 794 672 million) in the 2018/2019 financial year. Truly, that is trillion with a T. Of that sum 20,1 percent when to education at R360 239 million, or R360 billion.
When it comes to expenditure, education becomes the second biggest sector that occupies a massive amount of money, with general and public services at the top with 24.4 percent, or R437 129 million (R437 billion).
According to the publication – “Financial statistics of consolidated general government 2018/2019” is available in PDF for those with a head for statistics and accounting.
With primary education being the main source of expenses in the area, it will be fascinating to see the value for the 2019/2020 financial year. The lockdown and other pandemic-related issues have left the public authority to struggle to get the Matric tests altogether, turning out projects such as Woza Matrics.
Making exam centers COVID-19 ready together with tasks such as tracking down leaks exam can’t be cheap and will be seen when future expenditure reports are released.