Budgetary allocation to agriculture in South Africa: an empirical review from 1994 to 2014
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DOIhttp://dx.doi.org/10.21511/ppm.14(2-1).2016.13
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Article InfoVolume 14 2016, Issue #2 (cont. 1), pp. 236-239
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The agricultural sector is no doubt one of the most important sectors in sub-Saharan Africa, considering its prime place as a livelihood source and employer of the vast majority of residents, especially those in rural areas. In South Africa, for instance, agriculture plays a very significant role despite its declining contributions to the Gross Domestic Product (GDP) for some years now. This dwindling share of agriculture in the country’s GDP could be attributed to a number of factors ranging from changing government policies, declining budgetary allocation to the sector, and aging infrastructure and population growth. It is against this backdrop that a review of the effect of this downward slide in budgetary allocation on the development of the country is considered to be important