Total expenditure on education will grow at an average annual rate of 6.8 per cent over the MTEF period, from a revised estimate of R240.538 billion in 2013/14 to R293.268 billion in 2016/17. Funding for post-school education and training constitutes 21 per cent of the total expenditure on education. Budget allocations for university subsidies are estimated at R78 billion over the MTEF while the National Student Financial Aid Scheme will receive R19 billion in the next three years.