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04.03.24 14:17

Education

South Africa to spend US$74 billion on education, sports, arts and culture over next three years

This is according to National Treasury documents presented alongside Finance Minister Enoch Godongwana

According to National Treasury documents, spending on basic education is set to increase significantly to R316,5 billion (US$16,6 billion) in 2024/25 and R331,2 billion (US$17,4 billion) in 2025/26.

The majority of the funding will go towards employee remuneration. Additional funds will also be allocated to basic education compensation, the national school feeding programme and the development of the early childhood development sector. This is reported by official website of South African government.

In the case of higher education, the higher education department is expected to increase spending on the national student financial assistance programme, subsidies to universities and colleges of technical and vocational education.

Sports, arts and culture will also receive financial support to support sports in schools and the development of cultural heritage.

Photo: IStock

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Deputy Minister of Foreign Affairs of Russia

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Batyr Berdyklychev

World Health Organisation Representative in Russia

"International cooperation can help detect risks quicker, also exchange the results of research and coordinate the response measures. Without this coordination, the consequences of the global crisis could be heavier. [...] We are witnessing the world becoming more and more interconnected and interdependent. Every outbreak of infection in one region can be a potential threat globally. The experience shows us that the resilience of healthcare systems affects economic stability, the national security of states and public trust"

Xi Jinping

President of the People’s Republic of China

"As permanent members of the UN Security Council and important major countries in the world, China and Russia should take a strategic and long-term perspective, drive the development and revitalisation of our respective countries through comprehensive strategic coordination of even higher quality, and work to make the global governance system more just and reasonable"

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Chairman of the Government of the Russian Federation

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"The Bank will be strengthening its role as a platform for cooperation among its members, supporting initiatives in digital infrastructure, energy transition, advanced low-carbon energy technologies, intelligent hospitals, and all sorts of innovation, amplifying the comparative advantages of our member countries. […] NDB will continue to pursue gradual, balanced membership expansion and strengthen its role as a unified voice and platform for the Global South, amplifying members' priorities and mobilising collective solutions to share developing challenges"

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South Africa to spend US$74 billion on education, sports, arts and culture over next three years

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