Finance Minister Enoch Godongwana has outlined several initiatives being undertaken to finally begin shifting the composition of government spending from consumption to capital investment, including plans for a R15-billion infrastructure bond in the coming months. Such a shift has been signalled for several years, but the Medium-Term Budget Policy Statement (MTBPS) reaffirms that capital payments will be the fastest-growing area of spending over the coming three years, with plans also advancing to accelerate private sector participation in the financing and delivery of infrastructure.
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