"Budget not all doom and gloom"

Botswana Confederation of Commerce Industry and Manufacturing (BOCCIM), in association with Grant Thornton organised a budget review seminar here on Tuesday, in which most of the participants praised government for their efforts.  Grant Thornton Associate Director, Rajesh Narasimhan says that he is optimistic about the budget.

Although most of the participants at the seminar seemed most worried about VAT, tax and no cost of living adjustment, Narasimhan said that the budget had many challenges because of the problems of the past year. He said that the adjustments made to VAT, Tax and others were necessary in these times. He said that it was also necessary to allocate a significant amount to education.