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Increased spend on economic development over medium term is modest, but intended to be potent

February 23, 2022

Expenditure on economic development will increase at an average annual rate of 8.5% over the next few years, from R201-billion in 2021/22 to R256-billion in 2024/25, the National Treasury revealed in its Budget 2022 document published on February 23. This function in government’s capital allocation promotes faster and sustained inclusive economic growth to address unemployment, poverty and inequality, it said.

Link to Engineeringnews.co.za

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