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- The National Treasury has tabled an R38.9 billion package to reintroduce the Covid relief grant and support businesses and employees impacted by the July unrest in Kwazulu Natal and Gauteng.
- The package, equivalent to 0.7% of the projected 2021/22 GDP, will be funded solely from existing resources. The Treasury does not envisage additional borrowing and expects the budget deficit and debt stock to remain on the path projected at the time of the 2021 Budget speech.
- Funding for the package will be from the adjustment of departmental budgets, which will raise R2.65 billion, and the expected excess revenue will cover the additional R36.3 billion expenditure. New spending totals R31.2 billion, while the extension of the Employment Tax Incentive scheme for four months transfers R5 billion to businesses.