Analysis of South Africa's public expenditure on tertiary education indicates a consistent decline since 2013, standing at 11.26 units of government expenditure in 2023, with a year-on-year decrease of 0.8%. The Compound Annual Growth Rate (CAGR) over the last five years reflects a 0.82% average annual reduction. Forecasts from 2024 to 2028 suggest a continued downward trend with a forecast CAGR of -0.68%, amounting to a 3.36% decrease over the next five years.

Future Trends to Watch For:

Potential government interventions to stabilize or enhance funding for tertiary education
Impact of economic conditions and policy changes on education expenditure
Exploration of alternative funding models to support higher education institutions