Mineral revenues forecast cut by P2bn
Friday, March 20, 2020
Each year, government’s mineral revenues comprise mineral taxes and royalties paid by different operators, as well as dividends paid to government by those mining companies it has a stake in, such as Debswana.
For the year 2020/21 which starts on April 1, government had initially forecast royalties and dividends of P14.4 billion, compared to P13.6 billion in the current year. The original forecast, made in last month’s budget speech, would have meant royalties and dividends would contribute about 23% of the expected revenues for the 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...