budget proposal social inclusion

Cape Town’s 2024/25 Budget Proposal: Building for Jobs and Social Inclusion

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Cape Town’s proposed budget for 2024/25 focuses on promoting social inclusivity and economic advancement. The city’s social package, tailored to the needs of the underprivileged, retirees, and general citizenry, is unmatched among South Africa’s metropolitan regions. The budget sets aside a significant chunk of its capital budget for infrastructure development, concentrating on the poorest and fastestgrowing areas, and is expected to yield approximately 130,000 constructionrelated jobs over the next three years. Cape Town’s commitment to cultivating an environment of inclusivity and economic expansion serves as a model of progress.

infrastructure social inclusion

Pioneering Financial Plan for Cape Town: Economic Expansion and Social Integration

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The ‘Building for Jobs’ budget in Cape Town is a transformative fiscal strategy focused on infrastructure and job creation, with a record R76.4bn allocated for the financial year 2024/25 and R12.1bn earmarked for infrastructure. The budget is expected to create 130,000 jobs over the next three years and is committed to social inclusion and green energy. It also reflects the city’s dedication to social welfare, green energy, and safety measures. This innovative budget represents a pivotal juncture for Cape Town, driven by a vision of a wealthier, fairer, and more inclusive future.