Govt tables P552m supplementary budget :: Mmegi Online

The Finance Ministry has tabled a P552.4 million supplementary budget to cover the costs of the Mozambique military deployment, ISPAAD payments and the recent outbreak of Foot and Mouth Disease, among others. Funding for the supplementary will come from budget revenues and by diverting money from slow moving projects in the development budget, Finance Minister, Peggy Serame told Parliament.

The request for additional funding comes after Serame had, in her February budget speech, said her ministry would not be inclined to accept any supplementary budget requests this financial year.

“The recommended supplementary estimates meet the unforeseen and emergency criteria as stated in the relevant statutes,” she told Parliament earlier today. “I therefore, believe that the quantum of the supplementary budget attests to the desire for fiscal discipline expressed earlier.’

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