CAAB to hike aviation tariffs
Thursday, May 18, 2017
Addressing stakeholders at a forum held here on Tuesday, chief executive officer, Geoffrey Moshabesha said CAAB would ensure the proposed hikes would be based on guidelines contained in the International Civil Aviation Organisation (ICAO) Policies on Airport and Air Navigation Charges.
In the policy document, ICAO recommends contracting state, in this case Botswana, to ensure through the CAAB that charges are invested back in the development of civil aviation instead of being deposited back into government coffers.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...