Is SRD still continuing to 2023-2024

By | March 17, 2023

Is SRD still continuing to 2023-2024

Is SRD still continuing to 2023-2024

Is SRD still continuing to 2023-2024

Grants for Social Relief of Distress (SRD) were created in May 2020 as a short-term solution to help the most needy. The grant rapidly showed success and was put into practice.
The subsidies would be continued, according to Finance Minister Enok Godongwana’s address on the medium-term budget for 2022.

The government’s decision to extend the special Covid-19 SRD grant by one year, until 31 March 2024, is the primary factor influencing the adjustments to spending plans for the medium term.

This is so because Godongwana has considered a variety of regional and local threats, such as rising inflation, tighter monetary conditions, and the ongoing effects of COVID-19, including the tightening of Chinese lockdowns and their effects on supply and demand chains globally. once the outline was completed.

As a result, the three-year budget will be centered on improving service delivery and building the groundwork for greater growth.

Godongwana emphasized that either a permanent rise in income, a permanent decrease in spending elsewhere, or a mix of the two would be necessary for a permanent renewal or replacement of SRD funding.

Is SRD still continuing to 2023-2024

The State Treasury projects that Covid-19 SRD subsidies will rise by at least 8.8% yearly, with the financial impact projected to be at least R64.9 billion in the 2030–31 fiscal year.

Lobby groups continue to demand that the grantee’s SRD award be increased to R624, which is South Africa’s food poverty threshold, given that he only receives R350 per month.
According to reports, conversations over the future of permanent SRD grants for qualified individuals are still ongoing.



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