Meagre BOT50 budget forces tender cancellation
Tuesday, May 03, 2016
Bidders have been notified that government has cancelled the tender due to financial constratints. The government had initially awarded the committee P54 million to run the prorgammes, but the commitee requested a supplement to make it P100 million. The BOT50 tenders have been marred by controversy with many accusing the authorities of corruption.
In an interview with The Monitor last week, the Commitee Coordinator, Charity Kgotlafela said one of the challenges they continue to encounter was that of insufficient funds.
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...