Transcription of 3 Ch3 10 Feb
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293 Fiscal policy In brief Government is committed to reducing the budget deficit and stabilising debt. Despite weaker GDP growth, the projected deficit for 2014/15 is per cent of GDP, just below the October 2014 estimate. Main budget non-interest expenditure has been reduced by R25 billion over the next two years compared with the 2014 budget estimate. Capital is the fastest-growing area of non-interest expenditure over the medium term, while goods and services decline in real terms.
2015 BUDGET REVIEW 32 Figure 3.1 Spending growth by economic classification, 2011/12 – 2014/15 and 2014/15 – 2017/18 Source: National Treasury
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PROCESS AND STRUCTURES FOR THE 2016 BUDGET, Department, National Treasury, STRATEGIC PLAN 2015-2019, National, 2018 Budget Strategy Paper, Department of, National Budget, 2015, BUDGET, 2015 Medium Term Budget Policy Statement, 26 29, 2015 Budget Execution 101, FISCAL YEAR 2016 HISTORICAL TABLES, And Constitutional Development ANNUAL PERFORMANCE PLAN, DoE Supply Chain Management Processes