Budget brings hope to the poor

Tuesday, February 04, 2014

Finance and Development Planning Minister, Kenneth Matambo presented a budget speech yesterday containing several ‘pro-poor’ initiatives. The speech kept to analyst’s expectations that the election year budget would be more populist in its outlook.

Prior to the budget speech, several commentators had predicted that the 2014/15 budget would not contain adverse levy, tariff or tax pronouncements, but would rather utilise the forecast surplus to give disadvantaged members of society breathing space.

Yesterday, Matambo stuck to the predicted script announcing a raft of tax and social initiatives aimed at uplifting sidelined members of the community.

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