Capital expenditure by the public sector, 2016
Statistics South Africa today released the Capital expenditure by the public sector, 2016 report which shows that capital expenditure (capex) by public sector institutions increased by R18 billion, from R265 billion in 2015 to R R284 billion in 2016.
According to the report, the largest share of the R284 billion in capex expended by public sector institutions was spent by public corporations (49% or R138 billion), followed by municipalities with R66 billion (23%), provincial governments (13% or R36 billion), national government (7% or R18 billion), and extra-budgetary accounts (6% or R17 billion).
Higher education institutions had the smallest share of the total capex by public institutions at 2% (R7 billion).
Between the 2015 and 2016 financial years, there were increases in capital expenditure on new construction works of R20,5 billion (from R174,4 billion in 2015 to R194,9 billion in 2016). Capital expenditure on land and existing buildings increased by R2,9 billion from R14,3 billion in 2015 to R17,2 billion in 2016.
Increases were also recorded for capital expenditure on transport equipment (from R6,4 billion in 2015 to R8,6 billion in 2016) and other fixed assets (from R6 billion in 2015 to R7,5 billion in 2016). Decreases were recorded for capex on plant, machinery and equipment (from R62,1 billion in 2015 to R53,9 billion in 2016) and leased assets and investment property (from R1,9 billion in 2015 to R1,6 billion in 2016).
The full statistical release is available on the Statistics South Africa website: www.statssa.gov.za
Note to editors:
Capital expenditure refers to any expenditure incurred in or incidental to the acquisition or improvement of land, buildings, engineering structures and machinery and equipment. The expenditure normally confers a lasting benefit and results in the acquisition of, or extends the life period of, a fixed asset.
Source: Government of South Africa