Drop in capital expenditure

For the first time in more than a decade, public institutions are spending less, according to the latest capital expenditure figures released by Statistics South Africa this week.

Capital expenditure is money spent on acquiring, maintaining or improving assets such as land, buildings, vehicles and equipment.

Public expenditure decreased by 4.3% because of a reduction in spending on fixed assets by 360 of the 751 public-sector institutions in the previous year.

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