South Africa Treasury to Hike Tax to Fund Vaccines
South Africa’s National Treasury is considering raising taxes as one of several possible mechanisms to fund the vaccination drive against Covid-19.
At this point South Africa is due to get 9 million doses from Johnson & Johnson, 1.5 million shots of the AstraZeneca vaccine, 12 million through Convex and 12.25 million from the African Vaccine Acquisition Task Team.
The government viewed the vaccines as a public good and was committed to financing their roll out, with or without support from the private sector and medical schemes, the Johannesburg-based newspaper reported, citing Treasury Director-General Dondo Mogajane.
Other options the Treasury is exploring include widening the budget deficit and re-prioritizing government spending. The pandemic was a good case for emergency funding, Mogajane said.
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