Budgetary allocation to agriculture in South Africa: an empirical review from 1994 to 2014

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 de...

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Main Authors: Isaac B. Oluwatayo, Stephen M. Mantsho
Format: Article
Language:English
Published: LLC "CPC "Business Perspectives" 2016-06-01
Series:Problems and Perspectives in Management
Online Access:https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/7248/PPM_2016_02cont1_Oluwatayo.pdf
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author Isaac B. Oluwatayo
Stephen M. Mantsho
author_facet Isaac B. Oluwatayo
Stephen M. Mantsho
author_sort Isaac B. Oluwatayo
collection DOAJ
description 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
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spelling doaj.art-e52ecd7b944e486887d73b6bc19609ee2022-12-22T01:13:36ZengLLC "CPC "Business Perspectives"Problems and Perspectives in Management1727-70511810-54672016-06-0114223623910.21511/ppm.14(2-1).2016.137248Budgetary allocation to agriculture in South Africa: an empirical review from 1994 to 2014Isaac B. OluwatayoStephen M. Mantsho0Department of Agricultural Economics and Animal Production, School of Agricultural Economics and Animal Production, University of Limpopo, South AfricaThe 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 importanthttps://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/7248/PPM_2016_02cont1_Oluwatayo.pdf
spellingShingle Isaac B. Oluwatayo
Stephen M. Mantsho
Budgetary allocation to agriculture in South Africa: an empirical review from 1994 to 2014
Problems and Perspectives in Management
title Budgetary allocation to agriculture in South Africa: an empirical review from 1994 to 2014
title_full Budgetary allocation to agriculture in South Africa: an empirical review from 1994 to 2014
title_fullStr Budgetary allocation to agriculture in South Africa: an empirical review from 1994 to 2014
title_full_unstemmed Budgetary allocation to agriculture in South Africa: an empirical review from 1994 to 2014
title_short Budgetary allocation to agriculture in South Africa: an empirical review from 1994 to 2014
title_sort budgetary allocation to agriculture in south africa an empirical review from 1994 to 2014
url https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/7248/PPM_2016_02cont1_Oluwatayo.pdf
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