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Social grants increased by small amounts

VAAL TRIANGLE - Finance minister Enoch Godongwana says government will get more money from taxpayers. His budget contains tax measures that will raise R15-billion in 2024/25 to alleviate immediate fiscal pressure and support faster debt stabilisation. Revenue is mostly raised through personal income tax by not adjusting the tax brackets, rebates and medical tax credit for inflation.


However, Godongwana says to keep pace with inflation and increase access, permanent social grants will be increased. In his budget speech he announced an increase of R100 to the old age, war veterans, disability and care dependency grants. This amount will be divided into R90 effective from April and another R10 effective from October. The foster care grant will increase by R50 and the child support grant by R20.


Godongwane added that the carbon fuel levy will increase to 11-cents per litre for petrol and 14-cents per litre for diesel from 3 April. A discussion paper outlining proposals for the second phase of the carbon tax will be published for public comment later in the year. Godongwana says government is mindful of the already high cost of living and the impact fuel prices have on food and transport costs. This is the reason the general fuel levy will not be increased this year.


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