Matambo reaches the edge with P7bn deficit
Friday, February 08, 2019
![Matambo delievring the Budget speech PIC: MORERI SEJAKGOMO](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2019/february/08/php2ziBoG.jpg&w=400&q=72&f=jpg&t=1)
Matambo delievring the Budget speech PIC: MORERI SEJAKGOMO
Although the minister did not clarify in his budget speech on Monday, the 2019/20 deficit is expected to be largely funded from borrowings and drawdowns from the foreign reserves.
Matambo however added that more would be squeezed out from fees, levies and charges, which currently contribute about four percent of total revenues.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...