Extension of Covid-19 relief grant will cost the government R6bn

The National Treasury will have to find about R6bn to extend the special relief grant for three more months.

President Cyril Ramaphosa announced on Thursday that the grant would be extended when he presented an economic recovery plan to lawmakers. That’s after Mboweni had previously said that the country could not afford to permanently pay the special allowance of R350 a month that was announced in April as part of a R500bn Covid-19 relief package.

Mboweni will present the medium-term budget policy statement on October 28 after asking parliament to delay it by a week so the Treasury can assess the implications of the government’s economic recovery plan on spending.

Source: News Formal (newsformal.com)

The government generates no money. Just say TAXPAYERS. 🙈🙊🐵🙉🐒 FokofANC myanc VoetsekANC VoetsekCele VoetsekMkize RemoveANCfromPower VoetsekCyril VoetsekKopdoek VoetsekFuckyMbalula VoetsekACE VoetsekTito VoetsekANCvoter

*cost tax payers...

Question. Where will the money come from. Are we going to borrow from overseas again

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