Social Grants Recipients to Increase – Gordhan

The number of people receiving social grants set to increase in the coming years

Finance Minister, Pravin Gordhan, says the number of South Africans receiving social grants will swell to 16.7 million over the next three years.

Tabling the 2012/13 Budget in Parliament, Gordhan stated that by the end of 2011, nearly 15.3 million people were eligible for social grants, compared to 2.5 million in 1998.

He said despite the rapid growth in the number of beneficiaries, however, spending on social grants will decline as a percentage of GDP -- from 3.5 percent in 2011/12, to 3.2 percent by 2014/15.

To read the article titled, “16.7 million people will be on government grants by 2015,” click here.

Source: 
Sowetan Live

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