Economic Development

National Department Budget for 2018-19

Vote purpose

Promote economic development policy formulation and planning for the benefit of all South Africans.

Mandate

The Economic Development Department was established in 2009 and has assumed responsibilities relating to the creation of decent employment through inclusive growth, as captured in outcome 4 (decent employment through inclusive growth) of government’s 2014-2019 medium-term strategic framework. This includes the implementation of certain aspects of the National Development Plan (NDP), the new growth path and the national infrastructure plan, as well as the framework’s outcome 6 (an efficient, competitive and responsive economic infrastructure network) and outcome 7 (comprehensive rural development and land reform).

The department is also responsible for five public entities, comprising three regulatory bodies (the Competition Commission, the Competition Tribunal and the International Trade Administration Commission of South Africa) and two development finance institutions (the Industrial Development Corporation of South Africa and the Small Enterprise Finance Agency).

In line with these responsibilities, the department’s mandate includes the administration of the following legislation:

  • the Industrial Development Corporation Act (1940)
  • the Competition Act (1998)
  • the International Trade Administration Act (2002)
  • the Infrastructure Development Act (2014).
The Budget Cycle
Plan

2018-19 Budget

The Estimates of National Expenditure (ENE) is a book published along with the tabling of the budget for the new financial year.

Programme budgets for 2018-19

A department's programmes are the activities that it spends money on during the financial year. Different programmes have different expenditure budgets, depending on their requirements and available finances. More detail on the programmes is available in the department's Estimates of National Expenditure documents.

Budgeted spending by sub-programme for each programme

Each chart shows the budgeted spending by each sub-programme of that programme.

Administration
Growth Path and Social Dialogue
Investment, Competition and Trade

Budgeted spending by Economic Classification for each programme

Each chart shows the budgeted spending by economic classification under that Programme.

Administration
Growth Path and Social Dialogue
Investment, Competition and Trade

Budgeted spending by programme for Economic Classification items

Each chart shows the budgeted spending of each Programme under that Economic Classification.

Current payments - Compensation of employees
Current payments - Goods and services
Payments for capital assets - Machinery and equipment
Payments for capital assets - Software and other intangible assets
Transfers and subsidies - Departmental agencies and accounts
Transfers and subsidies - Public corporations and private enterprises

2018-19 Adjusted Budget

The Adjusted Estimates of National Expenditure (AENE) is a book published along with the tabling of the adjusted budget.

Budget changes in the Adjusted Budget

Total adjustments
0.0%

Total adjustment to the original budget for this department.

Value of virements
0.0%

Changes to planned spending between categories within this department.

Adjustments by type

No adjustments were made to the total budget of this department

Total adjustments by economic classification
Total adjustments by programme
Implement
Please note
Implementation data coming soon
Review

Planned compared to historical expenditure

Budgeted and actual expenditure/allocations for a department can increase or decrease from year to year. Changes in expenditure for a department can be because of changes in the activities of the department, because of changes in priorities between departments, because of cost efficiencies or because of increases in the price of goods and services due to inflation.

The chart shows the department’s actual expenditure for past years, and budgeted expenditure for the current year and the upcoming three years of the medium-term expenditure framework (MTEF). By adjusting these numbers to take inflation into account, it is possible to determine if a department’s expenditure is really increasing or decreasing in real terms, as compared to the rest of the economy.

Previous financial years indicate actual expenditure while upcoming financial years indicate estimated expenditure:

Year Phase
2014-15 Audited Outcome
2015-16 Audited Outcome
2016-17 Audited Outcome
2017-18 Adjusted appropriation
2018-19 Main appropriation
2019-20 Medium Term Estimates
2020-21 Medium Term Estimates

Budgeted and Actual Expenditure comparison

Compare the Adjusted Appropriation to the Main Appropriation to see how the spending plans changed during the year. The Audited Outcome then shows what was actually spent.

Note: Direct charges against the National Revenue Fund are excluded

Main Appropriation
Adjusted Appropriation
Final Appropriation
Audited Outcome

Budgeted and Actual Expenditure comparison by Programme

Compare the amount of budget allocated to each of this deparment’s programmes at each phase in the process leading up to the Audited Outcome

Main Appropriation
Adjusted Appropriation
Final Appropriation
Audited Outcome
Growth Path and Social Dialogue
Investment, Competition and Trade
Administration
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The budget process

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