Home / BIG to cost Govt N$14 billion It would cost the government around N$14 billion annually to distribute the Basic Income Grant (BIG) to all citizens aged between 0 and 59 as a buffer against poverty and harsh economic realities.
The Economic and Social Justice Trust’s BIG coordinator Rinaani Musutua in an interview with this publication this week released the latest figures.
She said the total gross cost of the universal monthly BIG of N$500 per person for all citizens aged 0-59 would be N$14.363 billion annually, which is just 3% of the country’s gross domestic product.“This is undoubtedly a […]
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