THE bulk of KwaZulu-Natal's 2011-2012 medium-term budget expenditure of R77,3billion will be spent on infrastructure and job creation.
This was revealed by MEC for finance Ina Cronjé when she delivered the province's budget in Pietermaritzburg yesterday.
As expected, the departments of education and of health received the lion's share of the budget with an allocation of R32,618billion, which will go up to R36,492billion in the next three years.
The health department received a total of R24,484billion - which will increase to R28,189billion in the next three years. But most of the money will be used to pay salaries.
Cronjé said a new growth path for South Africa adopted by cabinet, if fully implemented, would have a positive effect on the performance of the country's economy, including KwaZulu-Natal.
It focuses on changing the structure of the economy from a resource extraction economy to a more productive-led one that can create employment opportunities.
She said sectors that would be targeted, given their potential to create jobs, were the infrastructure/construction industry, agriculture value chain, mining value chain, green economy, manufacturing and tourism.
"For many decades, the giant that is KwaZulu-Natal has been slumbering. However, beneath the rolling green hills, the golden beaches and mighty mountains, the province is slowly but surely beginning to flex its economic muscle," said Cronjé.
Cronjé announced that there would be strong growth in infrastructure budgets over the next three years.
In 2011-2012, a total of R11,754billion has been allocated for infrastructure, up from R11,170billion, rising to R13, 3billion in the outer year of the medium-term expenditure framework.
"The largest portion of the infrastructure budget goes to transport for road construction and maintenance, followed by human settlements for housing delivery.
Other allocations were as follows: office of the premier R471m, provincial legislature R374m, agriculture, environmental affairs and rural development R2,460billion, economic development and tourism R1,486billion.
Others are: provincial treasury R536m, human settlements R3,053billion, community safety and liaison R150m, royal households R55m and cooperative governance and traditional affairs R1,138billion.
More funds for jobs and infrastructure
THE bulk of KwaZulu-Natal's 2011-2012 medium-term budget expenditure of R77,3billion will be spent on infrastructure and job creation.
This was revealed by MEC for finance Ina Cronjé when she delivered the province's budget in Pietermaritzburg yesterday.
As expected, the departments of education and of health received the lion's share of the budget with an allocation of R32,618billion, which will go up to R36,492billion in the next three years.
The health department received a total of R24,484billion - which will increase to R28,189billion in the next three years. But most of the money will be used to pay salaries.
Cronjé said a new growth path for South Africa adopted by cabinet, if fully implemented, would have a positive effect on the performance of the country's economy, including KwaZulu-Natal.
It focuses on changing the structure of the economy from a resource extraction economy to a more productive-led one that can create employment opportunities.
She said sectors that would be targeted, given their potential to create jobs, were the infrastructure/construction industry, agriculture value chain, mining value chain, green economy, manufacturing and tourism.
"For many decades, the giant that is KwaZulu-Natal has been slumbering. However, beneath the rolling green hills, the golden beaches and mighty mountains, the province is slowly but surely beginning to flex its economic muscle," said Cronjé.
Cronjé announced that there would be strong growth in infrastructure budgets over the next three years.
In 2011-2012, a total of R11,754billion has been allocated for infrastructure, up from R11,170billion, rising to R13, 3billion in the outer year of the medium-term expenditure framework.
"The largest portion of the infrastructure budget goes to transport for road construction and maintenance, followed by human settlements for housing delivery.
Other allocations were as follows: office of the premier R471m, provincial legislature R374m, agriculture, environmental affairs and rural development R2,460billion, economic development and tourism R1,486billion.
Others are: provincial treasury R536m, human settlements R3,053billion, community safety and liaison R150m, royal households R55m and cooperative governance and traditional affairs R1,138billion.
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