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 disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...