The National Treasury will not be able to implement a permanent social grant unless tax revenue improves dramatically, Minister Enoch Godongwana announced this while reading South Africa Budget speech on Wednesday.
In parliament, Finance Minister Enoch Godongwana issued a warning as he presented his budget for the fiscal year 2022/2023.
Godongwana said the state of the public purse did not allow for huge rises in government spending programmes or the introduction of “a new social grant”.
Watch full video here:
Copyright: News Central TV
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.