Promote economic development policy formulation and planning for the benefit of all South Africans.
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 Estimates of National Expenditure (ENE) is a book published along with the tabling of the budget for the new financial year.
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.
Each chart shows the budgeted spending by each sub-programme of that programme.
Each chart shows the budgeted spending by economic classification under that Programme.
Each chart shows the budgeted spending of each Programme under that Economic Classification.
The Adjusted Estimates of National Expenditure (AENE) is a book published along with the tabling of the adjusted budget.
These charts show changes to the spending plans originally published in the Estimates of National Expenditure. Details of these changes are published in the Adjusted Estimates of National Expenditure.
Total adjustment to the original budget for this department.
Changes to planned spending between categories within this department.
No adjustments were made to the total budget of this department
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:
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
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
National Treasury, departments and commitees are busy with different things depending on the time of year:
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