Will SASSA R350 Increase

Will SASSA R350 Increase: Is the R350 grant increased?

A social relief award known as SASSA R350 is given by the South African Social Security Agency (SASSA) to qualified people who are unemployed or have lost their source of income as a result of the COVID-19 pandemic.

If an applicant still meets the requirements after three months, they must reapply for the grant, which pays R350 (South African Rand) every month for three consecutive months. As a short-term solution to help those who have been impacted by the pandemic, the award was presented in May 2020.

During the 2023 Budget Speech

Finance Minister Enoch Godongwana has announced that social grants will increase by at least 5% in the next financial year. According to the statement given by Madam Speaker, Nosiviwe Mapisa-Nqakul

The 2023 Budget proposals reflect this government’s priorities by making targeted allocations for specific programmes.

Over the medium term, more than 60 per cent of non-interest expenditure goes to the social wage, while spending on buildings and other fixed structures – such as roads and dams – will increase from R62 billion in the current year to R104.2 billion in 2025/26.

They are increasing allocations to key frontline departments above existing baselines, moving toward a change in the composition of spending from consumption to investment, and maintaining a large social security safety net, while striving for sustainable levels of debt.

This is not an austerity budget. It is a budget that makes tough trade-offs in the interests of the country’s short and long-term prosperity. The 2023 Budget allocates additional funding totalling R227 billion over the medium term. There are several priorities that will be funded through this additional money.

R66 billion is allocated to Social Development over the medium term, with R36 billion to fund the extension of the COVID-19 social relief of distress grant until 31 March
2024.

R30 billion will be used for inflation-linked increases for other social grants. As a result:

• The old age and disability grants increase by R90 on 1 April 2023 and a further R10 on 1 October 2023. The result is a total increase of R2090.
• The child support grant rises from R480 to R510 on 1 October 2023, while the foster care grant increases from R1070 to R1130 over the same period.
• R23 billion and R22 billion will be allocated to health and basic education respectively, to cover the shortfall in compensation budgets and to improve services.
• R8 billion is allocated for basic services through the local government’s equitable share.

Although the SRD grant will continue, the government is looking into options to offer alternative social protection to people receiving it, according to National Treasury budget documents. For further info, I will advise you to use the provided contact detail of the organization. Is the R350 grant increased?

 

SASSA ( South African Social Security Agency) Contact Information:

• SASSA Head Office: 012 400 2000
• SASSA toll-free Helpline: 0800 60 10 11
• SASSA Email: info@sassa.gov.za

For more information, visit the official website;

All applicants will benefit from knowing more about the South African Social Security Agency (SASSA) thanks to the information we’ve supplied. For more information, visit this site.

 

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