Budget the balance next year, IMF advises
Friday, November 29, 2019
Balancing the budget would of necessity mean curtailing expenditure and raising revenues and in a year with declining diamond earnings, analysts believe the latter may point to higher taxes and tighter collections. The advice comes as government faces a P7.8 billion deficit in the current fiscal year, with another budget shortfall of P6.9 billion forecast for the coming year, 2020-2021.
The country has incurred running fiscal deficits since the start of NDP 11 in 2017-2018, which have cumulatively totalled P16.1 billion, excluding the shortfall forecast for the current fiscal year.
The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...