100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
ECS3704 - Public Economics Assignment 03 S1&S2 YEAR 2021 R99,00   Add to cart

Exam (elaborations)

ECS3704 - Public Economics Assignment 03 S1&S2 YEAR 2021

1 review
 393 views  11 purchases

Exam (elaborations) ECS3704 - Public Economics

Preview 2 out of 5  pages

  • June 22, 2021
  • 5
  • 2020/2021
  • Exam (elaborations)
  • Unknown
All documents for this subject (27)

1  review

review-writer-avatar

By: gugulethumpofu • 3 year ago

avatar-seller
TheEconomist
THE ECONOMIST SCHOOL OF ECONOMICS
www.theeconomistsoe.com
Ralph: 0680779615




[ECS3704]
[ASSIGNMENT THREE S1&S2]
YEAR 2021

, THE ECONOMIST SCHOOL OF ECONOMICS
www.theeconomistsoe.com
Ralph: 0680779615
“Discuss South Africa’s focus on the public sector wage bill as an expenditure
control measure”


INTRODUCTION
The public sector wage bill accounts for a significant fraction of South Africa’s GDP.
National Treasury reports that compensation spending on the consolidated budget
accounts for about 12% of GDP. The consolidated budget, however, is not the sum
total of the public sector because, though it includes national and provincial
government as well as the public entities, it excludes local government (except insofar
as local government receives fiscal transfers from national and provincial government)
and the state-owned companies (Eskom and Transnet being the largest of these).




CONCEPTUAL FRAMEWORK




South Africa spends around a third of its budget on the salaries of 1.2 million civil
servants, including national and provincial officials, doctors, teachers and police.
Public sector wage bill has become so high as this started after the end of apartheid in
1994, the governing African National Congress (ANC) sought to empower millions of
disadvantaged black people, including by placing them in public sector jobs. This led
to government expenditure on public sector salaries more than tripled between 2007
and 2019.


South Africa spends close to a third of its budget on civil servants' salaries and
government spending on public sector wages is expected to continue increasing to 697
billion rand. This increase started after the end of apartheid where government sought
to empower millions of disadvantaged black people by placing them in public sector
jobs.


It has become topical because South Africa want to freeze public sector wages for the
coming three years so as to cut its salary bill and contain a yawning budget deficit.
This issued has raised the risks of strikes by the 1.3 million- strong public-sector
workforce.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TheEconomist. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R99,00. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

73918 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R99,00  11x  sold
  • (1)
  Buy now