{"id":61513,"date":"2024-02-22T11:44:04","date_gmt":"2024-02-22T11:44:04","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/government-will-spend-r266-billion-on-social-grants-in-2024"},"modified":"2024-02-22T11:54:12","modified_gmt":"2024-02-22T11:54:12","slug":"government-will-spend-r266-billion-on-social-grants-in-2024","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/government-will-spend-r266-billion-on-social-grants-in-2024","title":{"rendered":"Government will spend R266 billion on social grants in 2024"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>The National Treasure estimates that it will spend R266.21 billion on social grants in the 2024\/25 financial year \u2013 3.6% of GDP.<\/p>\n

This is a significant increase from the 2023\/24 financial year when the government spent R250.97 billion.<\/p>\n

However, notably, the National Treasury estimates that its spending on social grants will decrease in the next three years.<\/p>\n

For 2025\/26, it forecasts spending R248.41 billion, and for 2026\/27, it estimates R259.79 billion.<\/p>\n

Both of these expenditures will constitute 3.1% of GDP.<\/p>\n

Over the medium-term expenditure framework (MTEF) period, R1.17 trillion is allocated for social grants and welfare services and to strengthen advocacy for women, youth and people living with disabilities.<\/p>\n

Social grants constitute 81.8% of spending in this function over the medium term.<\/p>\n

Expenditure on social grants \u2013 excluding the Covid-19 social relief of distress (SRD) grant \u2013 will<\/p>\n

increase from R217.1 billion in 2023\/24 to R259.3 billion in 2026\/27 to keep pace with<\/p>\n

inflation and increase access for the eligible population.<\/p>\n

The Covid-19 social relief of distress grant is allocated R33.6 billion in 2024\/25.<\/p>\n

Interestingly, this is a decrease from the R33.89 billion Treasury spent on the SRD grant in 2023\/24.<\/p>\n

In addition, provisional allocations for social protection are added to the fiscal framework in 2025\/26 and 2026\/27, pending a decision on the continuity and funding sources of the grant beyond March 2025.<\/p>\n

In total, 27.78 million people received grants in 2023\/24, and this is expected to increase to 28.31 million this year.<\/p>\n

Over 9.2 million people will receive the SRD grant this year.<\/p>\n

Grant beneficiaries \u2013 excluding Covid-19 social relief of distress grant beneficiaries \u2013 are projected to increase from 18.8 million in 2023\/24 to 19.7 million in 2026\/27.
\n
\nThe child support grant and old age grant make up 64.9% of total grant expenditure over the MTEF period.<\/p>\n

The old age grant, war veterans grant, disability grant, and care dependency grant will all<\/p>\n

increase by R90 in April 2024 and another R10 in October 2024.<\/p>\n

The foster care grant will increase by R50 in April 2024, and the child support grant will rise by R20 in April 2024.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. The National Treasure estimates that it will spend R266.21 billion on social grants in the 2024\/25 financial year \u2013 3.6% of GDP. This is a significant increase from the 2023\/24 financial year when the government spent R250.97 billion. However, notably, the National Treasury estimates that its spending on social grants will decrease […]<\/p>\n","protected":false},"author":84,"featured_media":61511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,18],"tags":[274,315,275],"class_list":["post-61513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-video","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nGovernment will spend R266 billion on social grants in 2024 - South Africa<\/title>\n<meta name=\"description\" content=\"The National Treasure estimates that it will spend R266.21 billion on social grants in the 2024\/25 financial year \u2013 3.6% ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/government-will-spend-r266-billion-on-social-grants-in-2024\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government will spend R266 billion on social grants in 2024\" \/>\n<meta property=\"og:description\" content=\"The National Treasure estimates that it will spend R266.21 billion on social grants in the 2024\/25 financial year \u2013 3.6% ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/government-will-spend-r266-billion-on-social-grants-in-2024\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-22T11:44:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-22T11:54:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/02\/sm_1708590174.767323.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"432\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/government-will-spend-r266-billion-on-social-grants-in-2024#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/government-will-spend-r266-billion-on-social-grants-in-2024\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Government will spend R266 billion on social grants in 2024\",\"datePublished\":\"2024-02-22T11:44:04+00:00\",\"dateModified\":\"2024-02-22T11:54:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/government-will-spend-r266-billion-on-social-grants-in-2024\"},\"wordCount\":338,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/government-will-spend-r266-billion-on-social-grants-in-2024#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/02\/sm_1708590174.767323.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"video\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/government-will-spend-r266-billion-on-social-grants-in-2024#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/government-will-spend-r266-billion-on-social-grants-in-2024\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/government-will-spend-r266-billion-on-social-grants-in-2024\",\"name\":\"Government will spend R266 billion on social grants in 2024 - 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