Citymark Focus Note: Human Settlements in the 2023/24 Budget

Increasing 4.4% to R34.9 billion in 2023/24, the budget of the National Department of Human Settlements serves as the primary means for government to achieve its goal of integrated, sustainable human settlements. The new budget allocates R14.9 billion for the HSDG, while the USDG increases to R8.15 billion and the ISUPG to R8.6 billion.

This Focus Note examines the 2023 medium term budget of the national department as well as spending to date on 2022/23 allocations, with a particular focus on transfers to provinces and municipalities for the implementation of critical housing subsidy programmes. The purpose is to identify the critical points from the recently-tabled budget which are important for housing sector practitioners.