Budget 2019
Pension, child care grants increase
The government’s spending on social grants will rise from R162.6 billion in 2018/19 to R202.9 billion in 2021/22, growing at an average rate of 7.6% a year.
*The grant increases in April to R420 and in October to R430, but annually by an average of R20 a month.
The government’s spending on social grants will rise from R162.6 billion in 2018/19 to R202.9 billion in 2021/22, growing at an average rate of 7.6% a year. Over the same year, the number of beneficiaries is expected to increase from 17.9 million to 18.6 million. By 2021/22, the old age grant will reach four million beneficiaries.
The child support grant will reach an estimated 13.1 million beneficiaries by 2021/22, according to this year’s Budget.
Social grants are adjusted in line with inflation projections to maintain their real value.
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