While president Cyril Ramaphosa has been a strong proponent for a basic income grant in South Africa, the government also needs to be rational about the fact that the additional expenses will necessitate raising taxes and budget cuts, says Michael Sachs.
Sachs is an adjunct professor of the Southern Centre for Inequality Studies at the University of the Witwatersrand. He was head of the National Treasury’s Budget Office between 2013 and 2017 and research coordinator at the head office of the African National Congress between 2001 and 2007.
“For many years National Treasury has correctly argued that structural increases in spending […]
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