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Universal Basic Income Guarantee: Financing options analysis
The report evaluates nine financing options for a Universal Basic Income Guarantee (UBIG) in South Africa, focusing on progressive tax measures. Key proposals include a Social Security Tax, a Resource Rent Tax, and the selective removal of tax credits for high earners. The analysis finds that a UBIG aligned with the Food Poverty Line (FPL) for 60% of the population could be fully financed by these measures. The report also models the impact of different implementation speeds on South Africa's national debt and primary balance, suggesting that the FPL grant is the most fiscally feasible over the medium term.
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Document type: Report