Matambo, presented to the national assembly budget proposals for the financial year 20152016. Republic of botswana 2018 budget speech by honourable o. The 2016 national budget statement building a conducive environment that attracts foreign direct investment presented to the parliament of zimbabwe on 26 november, 2015 by hon. On the 1st february 2016, the minister of finance and development planning is scheduled to present a budget for the 201617 fiscal year. Madam speaker, in addition to the increases of r32 billion we made in the higher education allocations in last years budget and the 2016 medium term budget policy statement, we have added a further r5 billion in the outer year of the mtef. Madam speaker, the preparation of the budget proposals for the 20162017 financial year was guided by priorities, as presented in the 20162017 budget strategy paper. The 2008 budget speech in brief the new budget is designed to ensure that the economy of botswana is on target to achieve the goals of vision 2016, including a trebling of botswanas real per capita income between 1996 and 2016. It is somewhat differently structured from the past. The actual budget outturn for 201718 was a deficit of p1. Botswana finance minister kenneth matambo expects the warming global economy and rising commodity prices to underpin the countrys buoyant forecasts for revenues and growth in 201819.
Over the past four years a number of structural policy reforms have been implemented to strengthen resilience. Madam speaker, i have the honour this afternoon to present to the national assembly budget proposals for the financial year 2016 2017. Madam speaker, the 2016 2017 budget marks the end of the tenth national development plan ndp 10, whose implementation was characterised by slow growth in both the global and domestic economies. Introduction madam speaker, i have the honour this afternoon to present to the national. Republic of botswana 2020 budget speech by honourable dr. Defence force bdf bands in concert in style commenced last night at the sir seretse khama barracks sskb. Speaker, it is my honour to present to this august house the fy 201819 budget statement.
Full budget speech for financial year 201617 uganda. Madam speaker, as part of the 2019 budget speech, i will provide a. Budget speech highlights growth rates forecast are 4. This page provides botswana government budget actual values, historical data. Speaker, i beg to move that the house do now resolve into committee of supply on the estimates of revenue and expenditure for the year 1st january 2017 to 31st december 2017, presented to. Reserves will deteriorate further to 4 months of imports in 201718, but should stabilise and begin to recover during 201819 and 201920 to the governments desired policy benchmark of 5 months of imports with bold steps to control spending. Matambo, minister of finance and development planning, delivered to the national assembly on 1st february 2016 i. Madam speaker, as part of the 2019 budget speech, i will provide a synopsis of the development path that we have traversed as a country over the. Since the 2019 budget strategy paper is the first following the ascension of his excellency the president, mr mokgweetsi e. Since this is the first budget that i am presenting to. Matambo, minister of finance and development planning, delivered to the national assembly on 1st february 2016. In our own region, weaker business confidence coincides with a severe drought, bringing with it rising prices and threats to water supply in many areas. House, budget proposals for the financial year 2014.
As with all national budgets, it is determined by among other things revenue projections which in turn are determined by the performance of the international and national economy, both in the current period and in the future. Actual budget out turn for 201516 was a deficit of p6. By 2036, botswana will be a highincome country, with an export led economy underpinned by diversifies, inclusive and sustainable growth driven by learn more budget speech 2020. Okavango post is your premier destination for engaging news, discussions and analysis about issues in the okavango region, ngamiland and botswana. Republic of botswana 20 budget speech by honourable o. Madam speaker, the 20162017 revised budget shows that total revenues and grants are projected to increase by p7. More details on the expected revenues and expenditure for the next financial year will be provided later in the speech under the section on the budget proposals for 20192020. Republic of botswana 2015 budget speech by honourable o. We asked grant reed of letaka safaris to advise us on how to make travel in botswana more affordable. No room for complacency in 2016 budget botswana guardian. It is therefore important to note that the unemployment rate of 20. Bdf band concerts get underway the annual presentation of botswana. Since 2016, the countrys growth rate has been trending upwards. Matambos budget speech 201516 the patriot on sunday.
I make this statement in fulfillment of the requirements of section 40 of the public finance management act, 2012 and the standing order number 241 of the national assembly. Budget speech highlights the economy contracted by 1. Mokgweetsi masisi, first lady mrs neo masisi as well as members of the diplomatic corp and other senior government officials. Formerly the british protectorate of bechuanaland, botswana adopted its name after becoming independent within the commonwealth on 30 september 1966. However, the rate of crawl was changed from an upward rate of 0.
The revised budget forecast for 20182019 is a deficit of p6. Botswanas domestic economic growth decreased from 3. Masisi to the presidency in april 2018, the document takes into account the elements of his roadmap, as outlined in his inauguration speech. Botswana budget safaris affordable botswana safaris.
Budget speech 4 20152016 this control of spending, confirmed in recent months, is the result of a collective effort, of all quebecers. According to his budget speech presented yesterday, matambo. Part i gives an overview of the global developments and their impact on the domestic economy. While the bsp provides a snapshot of key issues of. The 201617 revised budget estimate is a deficit of p1. The 20172018 budget proposal forms the first instalment of the six budgetary outlays for the implementation of ndp 11 approved on 1st december 2016. In his 2015 budget speech the minister revealed that he had consulted widely with various stakeholders and that there is broad. These priorities were discussed extensively during the budget dipitso held with relevant stakeholders late last year. Assembly budget proposals for the financial year 2016 2017. Highlights of the budget speech for 20162017, presented to the national assembly on monday.
Republic of botswana the 201617 budgetinbrief ministry of finance and development planning website. Capacity utilisation levels have been improving even under investments constraints due to limited access to international financing and financial disintermediation by local banks. Botswana examinations council contacts post address. The overall national goal is to achieve a middle income status through commercialization of agriculture, acceleration of industrialization, and increasing production and productivity in all sectors of the economy. Development goals and vision 2016 through a selfreliant. Alexander chikwanda mp, minister of finance and national planning delivered to the national assembly on 9th october 2016. There is a new chapter on the financial position of public sector entities, and an annexure on progress in infrastructure spending.
Madam speaker, i have the honour this afternoon to present to the national assembly budget proposals for the financial year 20152016. Ministry of finance and development planning september 2016. Botswana legal framework for transparency botswana has a wellestablished and detailed legal framework governing its budget system. Matambo minister of finance and economic development delivered to the national assembly on 5th february 2018 website. Botswana budget 20152016 introduction the minister of finance and development planning, the honourable o. Accordingly, the theme for the financial year 201617 budget is.
The crisis therefore threatens to stall the hard earned progress that we have made towards achieving the aspirations of vision 2016 as well as the. Thapelo matsheka minister of finance and economic development delivered to the national assembly on 3rd february 2020 website. Speaker, i beg to move that the house do now resolve into committee of supply on the estimates of revenue and expenditure for the year 1st january 2014 to. Thanks to that effort, the books have been balanced. Fellow south africans i have the honour to present the 2016 budget of president zumas second administration. Macroeconomic prospects the international economy, which has grown rapidly for several. Kenya botswana south africa namibia nominal gdp 2015 usd bn 63 14 315 11 0 50 100 150 200 250 300 350 kenya botswana south. Private bag br 108, gaborone, botswana physical address. The framework derives from the constitution of botswana, the finance and audit act as amended in 1997, as well as various other laws and regulations.
Botswana recorded a government budget deficit equal to 3. Matambo minister of finance and development planning delivered to the national assembly on 2nd february 2015 website. Mutati, mp minister of finance delivered to the national assembly on friday, 11th november, 2016 1. Botswana budget 201617 driving progress detail one context 20142015 a shor t descriptio n with additiona l.
The 20152016 budget estimates for statutory expenditure is p7. We can arrange affordable safaris to suit your budget and needs, you are one click away from your botswana budget safari. Botswana budget speech 2016 botswana labour market. The 201011 budget speech noted problems related to investment.
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