More billions beckon for BDF

Finance and Economic Development Minister, Kenneth Matambo told stakeholders at the Budget Pitso yesterday that the 2018/19 budget would carry a deficit equal to minus four percent of GDP, a level he said was the deepest government was prepared to bear.

It is estimated that government will spend P66.9 billion in the next budget, which kicks off in March 2018, compared to revenues of P58.8 billion. A list of five priorities for spending features a category entitled “good governance and strengthening of national security”. Funding will go towards “upgrading of equipment to enhance security capabilities,” as well as construction of offices and housing accommodation for police, prisons and soldiers.