COVID budget: Can challenges become opportunities?
Friday, January 29, 2021
To frame our discussions, I always find it useful to go back to that guiding North Star of Vision 2036 and remember what we are pushing for and to remember that our long-term goals will only be achieved by short-term efforts.
Though Vision 2036 is 15 years away, this is a very short time if we consider the momentous cultural shifts we will need to attain the aspirations of being a First World country that is globally competitive with a diversified economy and sustainable engines of economic growth, whilst promoting good governance and a sustainable environment, without forgetting the peace and security that is the foundation of our society.
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...