Sassa Grants Increase 2023
Sassa Grants Increase 2023 | From the 2023 Budget Speech
While delivering his long-awaited budget speech for the 2023/24 financial year, Finance Enoch Godongwana announced that social grants will increase by about 5% throughout the coming financial year.
SASSA Allocated Budget
With a confirmed R400 million allocated to theSouth African Social Security Agency(Sassa) to administer, the Minister outlined the increases to permanent grants as follows:
Sassa Grants Increase 2023
The old-age allowance will rise from the current R1,985 to R2,085, while the allowance will rise to R2,105 for those over the age of 75.
The war veterans allowance will increase from R2,005 to R2,105.
The disability allowances will increase from R1 990 to R2085.
The Foster Care Allowance will be increased by R1 050 to R1 125.
The Care Dependency Allowance will increase from R1,985 to R2,085.
The child maintenance allowance will increase from R480 to R505.
Allowance is also due for an increase, which will take it from R480 to a total of R505.
Godongwana also noted that the state expects to see an increase in beneficiaries over the next three years and that childcare and old age payments continue to receive the highest share of government spending.
“The child maintenance allowance and old age allowance together account for around 70% of the total allowance expenses over the MTBR period. These two grants will be provided to a total of 17.5 million beneficiaries in 2023/24. Social grants will increase in the medium term in line with inflation.” Godongwana said.
Increase in grant beneficiaries
In addition, the government expects permanent social grant coverage to increase from approximately 18.6 million beneficiaries in March 2023 to 19.6 million beneficiaries by March 2026.
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