Government’s stance on income grant

Watch Now: Peter Attard Montalto provides insight on the basic income grant on SABC’s ‘The Full View‘ ahead of the SONA 2022.

“The SONA will probably talk and give hints of the guide path for the basic income grant but not really talk about the hard trade-offs between saving and investing in the economy. And neither does the budget want to allow that because the budget and treasury’s view is more of a one year srd extension as opposed to a permanent policy changes. Permanent policy changes and permanent expenditure changes require very very different levels of detail in terms of tax an how we’re going to fund things.”