Government Announce Plan to Accommodate NSFAS

Wednesday, February 23, 2011 - 16:54
Finance Minister, Pravin Gordhan, says government departments are required to effect unprecedented spending cuts of 0.3 percent to accommodate additional funding for the NSFAS

Finance Minister, Pravin Gordhan has announced that all government departments are required to effect unprecedented spending cuts of 0.3 percent, amounting to R6 billion, to accommodate additional funding for the National Student Finance Aid Scheme (NSFAS).

However, the minister says he will be relying on the cooperation from his colleagues in Cabinet and also from departmental accounting officers to make this a reality.

In the same vein, Gordhan, who says that government will be stepping up student financial assistance, states that R14 billion has been allocated to further education and training colleges for the period ahead.

To read the full speech, click here.

Source: 
National Treasury Website