THE largest share of Gauteng’s R493.4-billion over the medium-term expenditure framework (MTEF) is set to support social services, the township economy, job creation and the energy crisis, said Gauteng Finance MEC Jacob Mamabolo on Thursday.
Presenting the province’s budget for 2023/24 to the legislature, he said that 83% of the provincial budget, amounting to R412-billion over the 2023 MTEF, was allocated to the social cluster.
“These resources will be used to drive social transformation in Gauteng and are already in the baselines of the departments,” he said.
The economic cluster will receive a total of R66.6-billion, or 13.5%, of the budget over the 2023 MTEF, while the governance cluster, which focuses on strengthening collaboration among all spheres of government, enhancing integrated planning for improved service delivery, accounts for R12.1-billion, or 2.5%, of the 2023 MTEF budget.
“The 2023 MTEF fiscal framework will see the provincial budget grow by a yearly average rate of 3%, from R158.945-billion in 2023/24 to R164.785-billion
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