Category: Basic Income

Finance Minister Enoch Godongwana tabling his maiden Medium-Term Budget Policy Statement (MTBPS) in the National Assembly. Picture: GCIS National Treasury has provided no additional funding in this year’s Medium-Term Budget Policy Statement (MTBPS) for the country’s embattled state-owned enterprises (SOEs).

This was announced by Finance Minister Enoch Godongwana on Thursday in the National Assembly during the tabling of his maiden MTBPS.

“The exception to this is where guarantees have been called by creditors and conditions have been met by the SOEs in question, within the context of their strategic importance,” Godongwana said.He said SOEs, which are intended to be key enablers […]

Full Post at www.citizen.co.za

Finance minister Enoch Godongwana has delivered his maiden budget speech, holding a tight grip on spending and generally sticking to the plans laid out by his predecessor, Tito Mboweni.

While the market has reacted favourably to this stance – where the government aims to keep expenditure under control and bring debt levels to acceptable levels – the Medium-Term Budget Policy Statement (MTBPS) was also full of misses.

Notably, the finance minister did not bring any certainty to major policies that have clouded investor sentiment over the past year – such as the basic income grant, Gauteng’s e-tolling issue, and national health […]

Full Post at businesstech.co.za

Coronavirus is pushing people into poverty – but temporary basic income can stop this Africa-Press – Mauritius. The pandemic has disrupted informal work worldwide, leaving many without any form of income. EPA-EFE The rapid spread of COVID-19 across developing countries has led to a devastating loss of life and livelihoods.

The pandemic is having both immediate economic effects and long-lasting consequences on development. This is because developing economies are less able to handle shocks than advanced ones.

Around 80% of workers in developing countries are engaged in tasks that are unlikely to be performed from home, meaning lockdowns are preventing them […]

Full Post at www.africa-press.net

West speaking about his plans for Universal Basic Income. Image: Revolt Drink Champs West revealed a 2018 conversation he had with Trump where the former president said: “Ye, my friend, my Black approval rating went up 40 per cent when you came to the White House.”

On the show, where the hosts and participants drink while shooting the breeze, West also branded himself “the king of culture.”

Universal Basic Income has been trialled before. In 2017, Finland gave 2,000 residents £490 a month for two years. West’s mooted scheme would dwarf the parsimonious Finns, with – and this is really trusting […]

Full Post at www.bigissue.com

Stewart Lansley, Visiting Fellow in the School of Policy Studies at the University of Bristol. Mr Lansley is currently a Visiting Fellow in the School of Policy Studies at the University of Bristol . He is a social scientist, broadcaster and journalist and has published widely on poverty, wealth and inequality. His new book, The Richer, the Poorer, How Britain enriched the few and failed the poor, a 200-year History , is to be published by Bristol University Press at the end of November.

His early research work at the National Institute of Economic and Social research in 1971-74 revealed […]

Full Post at bristol.ac.uk

Activists protest the end to the basic income pilot project by Ontario Premier Doug Ford and the Conservative party. In November 2017 people lined up for hours in Lindsay, Ont., in hopes of registering for Ontario’s basic income pilot program.

The program instituted by the Liberals of then-Premier Kathleen Wynne was to provide payments to 4,000 low-income people from select communities across the province for eight months. The pilot project came to an end with the election of the Conservative government in 2018.

William Winston, a 51-year-old struggling with physical and mental illness who participated in the program, says the move […]

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