The rate at which the value and the coverage is increased, and the characteristics of the grant in 2030 The IEJ in principle supports the objective of universality differ in the three scenarios. [...] We refer to the three different scenarios as the low-, There are limits to the government’s ability to finance a medium- and high-ambition scenarios, to denote the rate BIG programme mainly through increasing the income at which the value of the grant is increased and coverage is tax rate. [...] with projections of the impact of the policy change – in The primary differences between the scenarios therefore this case the different BIG scenarios The ADRS DIMMSIM are around the end point (value and means test), the timing and combination of financing mechanisms and, model generates extensive results for a wide range of the incremental changes that occur within that timeline indicators relate. [...] different levels in the modelling scenarios and the At the start of the low-ambition scenario the number of revenue is ring-fenced to support the expansion of direct beneficiaries is 9.4 million. [...] Using the DIMMSIM to test the macroeconomic impact Relative to the baseline, the low-, medium-, and high- of the three pathways, the working paper finds positive ambition scenarios are projected to reduce the poverty impacts on consumption, employment, and growth across gap in the next 8 years by an additional 38.5, 57.1, and all three pathways, with the greatest benefits registered 58.5 percentag.
- Pages
- 11
- Published in
- South Africa
