Medium term expenditure and the division of revenue
Allow me to now deal with how government will be spending its limited resources.
Consolidated spending will increase from R1.67 trillion($143bn) in 2018/19 to R1.94 trillion($165bn), representing a nominal annual average growth of 7.6 per cent, or 2.1 per cent in real terms.
In aggregate, government will be spending R792 billion on basic education, R668 billion on health and R528 billion on social grants, over the medium term.
This coming fiscal year alone, government has allocated over R200 billion for peace and security and another R200 billion for economic development to build a safer country and to grow our economy inclusively.
The largest reallocation of resources towards government’s priorities was on higher education and training, amounting to additional funding of R57 billion over the medium term.
As a result, this is the fastest-growing spending category, with an annual average growth of 13.7 per cent.

https://www.biznews.com/budget/budget-2018/2018/02/21/full-malusi-gigaba-budget-speech/

South Africa has a very diversified economy, everything from mining to heavy technology. Unlike Nigeria that is still largely dependent on crude oil.



Well, I believe the government knows what to do to turn things around, they just won't do it.

EVarn:
South Africa has a very diversified economy, everything from mining to heavy technology. Unlike Nigeria that is still largely dependent on crude oil.



Well, I believe the government knows what to do to turn things around, they just won't do it.

Nigeria economy is mainly informal whereas SA is a mainly formal economy.