Another budget surplus, but risks loom large
Tuesday, February 03, 2015
Presenting the 2015/16 budget speech, Matambo said domestic economic growth would this year slow down to 4.9 percent from 5.2 in 2014 with the non-mining sector expected to drive growth instead of the usual economic lifeblood, diamonds.
According to the minister’s projections, revenues will outweigh expenditure by P1.23 billion or 0.8 percent of GDP in the financial year.
The fees have been doubled from the previous amounts and raise concerns about political participation accessibility and democratic representation principles.This significant fee increase prompts questions regarding its impact on grassroots democracy.On one hand, the fees act as a filter, ensuring only serious contenders enter the race, potentially reducing frivolous candidacies and generating crucial campaign funds. The BDP argues that aspiring...