• Free market fallacies

    Higher income benefits could be trickling up instead of down, says Leopold Scholtz.

  • What awaits Greece?

    Julien Marcilly takes a look at what may transpire after the Greek referendum.

  • A loss of respect

    Can SA still attract the best as our leaders take questionable decisions, asks Solly Moeng.

Loading...
See More

Social grants weighing on govt coffers

Jun 27 2012 15:33
I-Net Bridge

Related Articles

Govt tightens up on social grants

Social grant spending to swell

Sassa gets new social grant contractor

Vavi: Scrap wasteful provinces

Social grants now support 15.2m

State grants net covers 15 million

 
Johannesburg – The latest Statistics SA (Stats SA) figures released on Wednesday suggest social grants and a large public service are taking their toll on government coffers.

Stats SA’s Financial Statistics of National Government report showed the government’s cash payments for operating activities rose by R60.5bn to R791.9bn in 2010-11‚ from R731.3bn in 2009-10‚ mainly due to an increase in grant payments and employee compensation.

The seven main economically classified cash payments for operating activity categories are: compensation of employees; purchases of goods and services; interest; subsidies; grants; social benefits; and other payments.

The largest contributor to the rise in total cash payments for operating activities was grants‚ at R468.9bn; followed by social benefits‚ at R91.4bn; and compensation of employees‚ at R87bn.

SA’s tax base continued to come to the rescue in the 2010-11 financial year‚ figures suggested.

An increase mainly in collected taxes led to a R76.8bn rise in government’s cash receipts from operating activities to R688.3bn.
social grants  |  stats sa

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
44 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

There are no formal training requirements for becoming a beautician in South Africa. But it is highly recommended you complete a course in beauty therapy.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

SA’s new visa regulations are:

Previous results · Suggest a vote

Loading...