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  • 2 years later...
Posted

I necropost because I can.

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South Africa’s finance minister announced increases for several grants and the extension of the R350 social relief grant until 2027, benefiting 28.3 million people, while the tax base remains stagnant at 7.1 million on the back of a decline from the previous year.

The National Treasury estimates it will spend R266.21 billion on social grants in the 2024/25 financial year, equivalent to 3.6% of GDP.

According to Treasury projections, the number of people receiving grants is expected to increase from 27.78 million in 2023/24 to 28.31 million this year.

Additionally, over 9.2 million people will receive the SRD grant this year.

Grant beneficiaries – excluding Covid-19 social relief of distress grant beneficiaries – are projected to increase from 18.8 million in 2023/24 to 19.7 million in 2026/27.

https://businesstech.co.za/news/government/754083/28-million-people-on-grants-in-south-africa-but-only-7-million-taxpayers/

  • 3 months later...

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