They account for 58% of household income for the lowest income quintile in South Africa, about 20% in Chile and Mexico and almost 15% in Brazil (Figure 2.3, Panel A).8 However, this does not necessarily mean that cash transfers are well targeted because it does not take account of differences in income levels across households. Figure 2.3, Panel B, shows that in the three Latin-American economies, the largest part of expenditure on cash transfers goes to the bottom quintile (over 30%), while in South Africa over 35% of cash transfers go to the second lowest quintile and just about 20% to the bottom quintile. In general, the share of cash transfers going to the top quintile tends to be very small. These programmes are primarily intended to deal with social policy objectives, but may also have important implications for labour market outcomes. Liquidity constraints may affect labour market outcomes in different ways. South Africa: Child Support Grant, Care Dependency Grant, Disability Grants, Old Age Pension.