Budget to answer questions about what Covid vaccines cost South Africa and who is going to pay
Finance Minister Tito Mboweni’s 2021 budget speech should provide full details on the total implementation costs of the launch of the Covid-19 vaccine in South Africa, says professional services firm PwC.
Given the improved revenue prospects for the country, the firm said it expects tax increases to be used to cover the cost of the vaccine. He added that the government is in talks with health care plans for financing non-members of the plan.
“This, in effect, would amount to a tax on health plans and would be borne indirectly by members of the health plan,” he said.
While this would be the ideal scenario, PwC said many analysts have pointed to potential tax increases to fund the vaccine.
“We do not believe this is necessary, given the significantly improved revenue outlook in …