BudgetSpeech2020 | “The excise burdens for most types of alcoholic beverages and tobacco products currently exceed the targeted level as a result of above-inflation increases and price fluctuations.”
While it may be tough times for “sinners”, social grant recipients have something to smile about as the grants that provide relief to millions of poor households are set to increase in April.
Over the next three years, the total number of social grant beneficiaries is expected to increase by almost a million to about 19-million by 2022/23, according to the Treasury's budget review document. As a result, the subsidy rate per child will increase by 23.8% from R15 in 2019/20 to R18.57 in 2022/23.
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