More diamond money for capital projects

Friday, September 19, 2014

Government has increased the portion of diamond revenues that is directly channelled towards new development projects. This comes at a time when government moves to strike a balance in the use of income derived from natural resources, between current and future generation.

As part of a review of policy governing the use of public funds, government will from next financial year increase the percentage of mineral revenues allocated to capital projects in each annual budget from 50 to 60 percent.

Speaking at the Stakeholders Pitso for the 2015/16 national budgets held in Gaborone yesterday, Secretary for finance and economic policy in the Ministry of Finance, Taufila Nyamadzabo, announced a revision of the fiscal rule effective next year.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

The Projects Magazine today launched The Future of Mining Summit, set to become the country’s premier mining conference. The event is scheduled for 12th and 13th of June 2024, at Boipuso Hall, Fairgrounds in Gaborone.

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

Staff Writer | 1d ago

MISA Botswana celebrates World Press Freedom day

Staff Writer | 1d ago

Unlawful wounding turns to murder

Sharon Mathala | 1d ago

Mahalapye suspected copper cable thief nabbed

Pini Bothoko | 1d ago

TAFIC targets top four finish

Larona Makhaiza | 1d ago

Selefu

1d ago

Selefu

1d ago

Repatriation underway for seven SA Pilgrims

Boikanyo Mathonsi | 2d ago

Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

The Monitor Editor | 29 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

More diamond money for capital projects

Government has increased the portion of diamond revenues that is directly channelled towards new development projects. This comes at a time when government moves to strike a balance in the use of income derived from natural resources, between current and future generation.