DIS, BDF share P6bn budget

The funding will be made even as the Budget Strategy Paper, released by the Finance Ministry in October, forecast a P6.8 billion deficit for the 2017-2018 financial year.

According to draft figures seen by Mmegi this week, the BDF is due to receive P2.4 billion for “strengthening of BDF capabilities” in the upcoming budget. Finance Minister, Kenneth Matambo is expected to present the budget statement on February 6, should he keep in line with the tradition of reading it on the first Monday of February.