UP the pace of projects delivery
Tuesday, February 15, 2022 | 240 Views |
In their budget review BOPEU acknowledges the attempt by our policy-makers to identify an economic growth rate that is optimal in addressing social ills such as unemployment, income inequality and poverty. “Hence, we believe that implementing Ministries need to significantly increase the pace for project implementation to ensure that the funding that has been provided for development initiatives is used as intended and cost effectively in order to achieve national priorities and strategic objectives”.
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...