Madam speaker, i have the honour this afternoon to present to the national assembly budget proposals for the financial year 20152016. Allow me to now briefly elaborate on the governments fiscal policy stance as well as budget performance for 201617 and proposed allocations for 201718. Budget speech highlights the economy experienced a growth rate of 4. The main features are discussed with emphasis on the implications for the fiscal and growth strategy given the. Yesterday, on 6 february 2017, the minister of finance and developmental planning, honourable kenneth matambo delivered the 201718 budget speech to the national assembly. The 2014 budget speech, delivered to the national assembly on the 3rd february 2014, presented the outlook for the economy, budget outturns for 2012 fiscal year fy and revised budget estimates for 2014 fy. Botswana budget speech 2019 botswana labour market.
Botswana 07 february 2017 economics 2017 budget speech synopsis. There is low outofpocket expenditure on health figure 2. Since this is the first budget presentation after the election of a new parliament, that is, the 11th. Republic of botswana 2015 budget speech by honourable o. Botswana budget 201617 driving progress detail one context 20142015 a shor t descriptio n with additiona l detail. The agency rated botswana a2 in 2014, with a stable outlook. Botswana recorded a government budget deficit equal to 3. Botswanas mineral revenues, expenditure and savings policy. Actual budget outturn for 201617 was a surplus of p1. On these two foundations, we are able to offer bold and forthright leadership. Today south africa is a better place to live in than it was before the dawn of democracy, and this is the vision that president thabo mbeki spoke about. Matambos budget speech 201516 the patriot on sunday. Among the key credit strengths for these rating was the governments robust balance sheet, as indicated by its fiscal surplus and low debt levels.
Matambo minister of finance and economic development delivered to the national assembly on 4th february 2019 website. Speaker, i have the honour this afternoon to present to. Budget 2014 2 budget 2014 26 february 2014 the minister of finance, mr pravin gordhan, today announced a revised consolidated net tax revenue estimate for 20142015 of r997,7 billion and a slightly reduced budget deficit over the 20 min budget estimate of 4% of gdp. Botswana examinations council contacts post address. Assembly budget proposals for the financial year 20142015. Speaker, it is a great honour for me to present today my first budget speech as minister of finance. Mutati, mp minister of finance delivered to the national assembly on friday, 11th november, 2016 1. Since the 2019 budget strategy paper is the first following the ascension of his excellency the president, mr mokgweetsi e. Read more use our 2020 tax calculator to work out how much tax you will be paying and find out more about our taxefficient solutions to make the most of the tax benefit. It also presented the recommended budget proposals for the 201415 fy and announced some policy reforms and fiscal legislation. Thapelo matsheka, minister of finance and economic development i. Matambo minister of finance and development planning delivered to the national assembly on 2nd february 2015 website. Tax highlights announced as part of this years budget include. The outlook for 2016 is underpinned by strengthening of growth.
Republic of botswana the 201718 budgetinbrief ministry of. Speaker, i present the budget at a time when global economic growth is sluggish, with output growing at an estimated 3. The details of the 2016 budget are presented in part iii and finally, i conclude my address in part iv. 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. Bti 2014 botswana country report transformation index bti.
Republic of botswana 2016 budget speech by honourable o. The conclusion is that botswanas current ndpdual budget planning and. The month on month deficit developments, however, confirmed that for the month of september 2018, the deficit level narrowed. Budget speech 201415 budget speech 201415 9 president thabo mbeki was spot on because he knew that this government is committed to transforming the country for the better. The finance minister, tito mboweni, delivered the national budget speech on 26 february, announcing the governments planned expenditure for 2020. 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.
Bti 2014 botswana country report bertelsmann transformation. Presenting it to the 1st session of the 10th parliament of the kingdom of swaziland makes it even more memorable. Madam speaker, as part of the 2019 budget speech, i will provide a. The preparation of the 20182019 bsp is formulated under very challenging global, regional and local environments. Masisi to the presidency in april 2018, the document takes into account the elements of his roadmap, as outlined in his inauguration speech. Botswana has maintained an observable level of political and economic transformation. The budget speech is available for viewing or download in pdf and html formats. Madam speaker, in the 2019 state of the nation address, our president set out an ambitious agenda for our. Mr speaker, i move that the appropriation 201415 estimates bill be now read a second time.
The 201718 revised budget estimate is a deficit of p2. Republic of botswana draft 20172018 budget strategy paper ministry of finance and development planning september 2016. Speaker, the total amount of resources available in fiscal year 201415 are estimated at e15. Microsoft word budget speech final 2015 2 pdf final. Fifty one 51 percent of the budget in fiscal year 201415 is projected to be financed by non. Highlights of the budget speech for 20162017, presented to the national assembly on monday. The 201011 budget speech noted problems related to investment budgeting across. As a result, the overall budget outturn for the 20142015 financial year was a surplus of p5. The minister early on in his speech noted that the 2018 budget comes at a time after the namibian economy endured its most precarious phase. Accordingly, resources are proposed for allocation to. Sbi is a general statement of intent, not an exante rule against which policymakers are. Private bag br 108, gaborone, botswana physical address. Global economic growth is expected to remain sluggish over the period ahead, rising from 3. The bsp also adds to the national budget documentation such as the budget speech, which is produced as part of the public disclosure to improve fiscal transparency.
Matambo minister of finance and development planning delivered to the national assembly on 3rd february 2014 website. The budget speech is the minister of finances speech delivering the budget statement at the start of. The budget briefing note provides an assessment of the 201415 national botswana budget allocations presented to the parliament. Fiscal policy continues to be the main instrument for macroeconomic policy and management in lesotho. We are concerned, madam speaker, that, no clean audit opinion has been received in the province. Matambo minister of finance and development planning delivered to the national assembly on 1st february 2016. Botswana has registered impressive development since independence in 1966. The budget outturn for the 202014 financial year was a surplus of p7. Republic of botswana 20 budget speech by honourable o. Republic of botswana 2014 budget speech by honourable o. A large portion 39% of botswanas health expenditure is pooled through private insurance schemes. Population projections indicate that the window for botswana to take ad. With the economy at a turning point the minister tabled a budget aimed at further consolidation of noncore spending and the alignment of resources to priorities. Republic of botswana 2019 budget speech by honourable o.