The monkey on the back of govt's "best laid' fiscal plans

Friday, February 18, 2022 | 670 Views |

International gateway: The P500 million refurbishment of Sir Seretse Khama International Airport was originally scheduled to be complete in 2010, but wound up being suspended for three years. It was eventually finished in 2015 under a new contractor, with additional costs of P142 million
PIC: MORERI SEJAKGOMO

Fiscal authorities concede that wastage, poor implementation and misuse have dogged both recurrent and development spending over the decades. Government’s plans to balance the budget next year and accelerate much needed structural economic reforms, depend on how well this elephant in the room is tackled, notes Staff Writer, MBONGENI MGUNI

In his response to the 2022 Budget Speech this week, former Finance Minister, Thapelo Matsheka, took legislators down memory lane, recalling how the Budget Speech of 1997 spoke to the themes of tighter public finance management as a tool for more efficient development funding.

Copies of that particular budget speech do not readily appear online but a copy at the Parliamentary Library indicates that then Finance Minister, Festus Mogae, was more emphatic about the need for transformation than the sentence paraphrased by Matsheka.

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