is sassa r350 grant extended 2024-2025
is sassa r350 grant extended 2024-2025
Social Relief of Distress (SRD) grants were introduced in May 2020 as a temporary measure to address the needs of the most vulnerable. The grant quickly proved effective and was implemented.
Fast forward to his 2022 medium-term budget speech, Finance Minister Enok Godongwana confirmed that the subsidies will be extended.
Fast forward to his 2022 medium-term budget speech, Finance Minister Enok Godongwana confirmed that the subsidies will be extended.
The medium-term changes to spending plans are driven mainly by the government’s decision to extend the special Covid-19 SRD grant by one year, until 31 March 2024.
- This is because Godongwana has taken various global and local risks into account, including rising inflation, tightening fiscal conditions, and the continued impact of Covid-19, including China’s tightening of lockdowns and impacts on global demand and supply chains. After the outline was done.
- As such, the budget for the next three years will be focused on restoring service delivery and laying the foundation for higher growth.
- Godongwana reiterated that a permanent extension or replacement of SRD grants would require a permanent increase in income, a reduction in spending elsewhere, or a combination of both.
Covid-19 SRD subsidies are expected to increase by at least 8.8% annually, according to the State Treasury, with the financial impact likely to reach around R64.9 billion in the 2030/31 financial year.
Since the grantee receives R350 a month, lobby groups continue to call for his SRD grant to be increased to R624, South Africa’s food poverty line.
Since the grantee receives R350 a month, lobby groups continue to call for his SRD grant to be increased to R624, South Africa’s food poverty line.
It is reported that discussions are ongoing about the future of permanent SRD grants for eligible individuals.
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