The modelling conducted by the Ministerial Task Team was used to assist the Department, NSFAS and National Treasury as part of the medium-term budget discussions in preparation for the 2022/23 MTEF process. The model used the inflation estimates outlined in the 2022/23 MTEF Guidelines sent out by the National Treasury. This resulted in the shortfall for 2022/23 being addressed in the 2022/23 budget vote, with reprioritisation from across government, as well as an additional amount required from the Department’s budget. However, the discussion on whether allowances can be changed is dependent on funding available and anticipated costs for 2023.
The MTEF allocations to NSFAS for university students are as follows:
MTEF - Allocation |
2022/23 |
2023/24 |
2024/25 |
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University allocation: Baseline |
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Reprioritisation-Universities |
1 207 665 |
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Sub-total: Universities |