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We are in broad support of the unprecedented #Covid19inSA R500bn economic & social relief measure but we question which funds will be reprioritised (R130bn) from the present budget, how the balance will be funded from UIF & global/international institutions & w/ what conditions
While we appreciate the need for this stimulus package, it will undoubtedly add pressure to the already constrained public finances. This is worrying, given that an economic contraction of between 5 per cent and 10 per cent is expected this year. Steve Swart. MP
The immediate measures to alleviate poverty and starvation by means of increasing the child grants and pension amounts are also to be welcomed, as well as the R350 per month special Covid-19 social relief of distress grant for the unemployed. Steve Swart .MP
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