Basic income grant may not see the light of day until funding is resolved

Basic income grant may not see the light of day until funding is resolved

The much awaited about Basic Income Grant is likely to take a back seat when finance minister Enoch Godongwana delivers his budget next month.. / Gallo Images The much-awaited basic income grant is likely to take a back seat when finance minister Enoch Godongwana delivers his budget next month.

Last year, Godongwana said for the country to afford the proposed grant, it would have to go on massive cost-cutting measures.

The national fiscus spends about R400-billion to fund social grants annually.Mmamoloko Kubayi, the ANC head of economic transformation has already hinted that the proposal might not see the light of day, […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.