In 2023, non means-tested social protection benefits subject to taxation were recorded at 50.69 units. The forecast for 2024 to 2028 demonstrates a gradual increase from 50.86 to 51.53, translating to an average annual growth rate (CAGR) of approximately 0.33%. Year-on-year, these benefits are projected to rise modestly, reflecting stable policy trends and economic conditions.
Future trends to monitor:
- Changes in government policy affecting non means-tested benefits.
- Inflation and cost of living adjustments impacting benefit levels.
- Broader economic changes that could influence tax policies.
