Image: Tshepiso MocheThe government will spend an additional R50 billion on social services for the financial year 2023/24, says Finance Minister Enoch Godongwana during his Budget Speech on Wednesday, further raising questions as to whether South Africa is gradually teetering towards being a welfare state.
Debt service, basic education, community and economic development, peace and security and health are some of the issues the government will be spending more on. A total of R457.1 billion is expected to be spent on learning and culture which covers basic education, the National Student Financial Aid Scheme, and skills development levy institutions, among others. This is an increase of R15.6 billion from the previous year’s budget allocation.
The old-age grant expenditure has increased from R92,1 billion from the previous year to R99,1 billion, while child-support has been increased by R4,1 billion taking the total expenditure to R81,9 billion.
Why not help create jobs so that those who capable don't depend on social grants.
Then his President Cyril will be lying about investors next week.