Balanced budget will send the right signal - BOCCIM

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FRANCISTOWN: The Botswana Confederation of Commerce Industry and Manpower (BOCCIM) is hopeful that the 2014/15 budget speech will continue to emphasise the principles of a balanced budget.Minister of Finance and Development Planning Kenneth Matambo will deliver the budget forecast for the year 2014/15 on Monday

BOCCIM wants the budget to also embrace a low and stable inflation as well as sustainable public debt in keeping with BOCCIM's own values of low taxation. In a statement released this week, BOCCIM noted that, "A balanced budget - as opposed to surplus or deficit - sends a positive signal to both investors and savers that the government will not take in more than it needs from taxpayers to run its operations."A balanced budget therefore leaves business owners with more money in their pockets to finance their operations and hire additional people in the process. 

"BOCCIM therefore expects minister Matambo to maintain the momentum on his medium term goal of balanced budgets."In addition, BOCCIM expects the finance minister to ensure that budget in high expenditures sectors such as education and health generates value for the tax payer."In this spirit therefore, BOCCIM hopes that priority will be given to functionality of premises instead of lavishness especially in public projects such as building of new schools. 

Editor's Comment
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