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221 sats \ 0 replies \ @TheBTCManual 10h \ on: Half of South Africa's population are 100% dependent on state welfare (2023) econ
Yeah it's wild direct grants are around 33% - 38% of the national budget and that doesn't include certain line items like a certain allocation of "free water" and "free electricity", the government also gives has a "free housing" project thats been on the go for years with waiting lists as long as 2 decades.
Since taxes are never going to cover that inflation is covering the shortfalls, hence why we Bitcoin