{"id":21881,"date":"2023-02-11T16:52:03","date_gmt":"2023-02-11T16:52:03","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-increases-development-budget-to-fill-infrastructure-gaps"},"modified":"2023-02-11T18:34:57","modified_gmt":"2023-02-11T18:34:57","slug":"govt-increases-development-budget-to-fill-infrastructure-gaps","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-increases-development-budget-to-fill-infrastructure-gaps","title":{"rendered":"Gov\u2019t increases Development Budget to fill Infrastructure Gaps"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>In the 2023\/2024 financial year, the government will increase the development budget significantly in order to fill infrastructure gaps and implement projects necessary to unlock constraints to economic growth, the Minister of Finance, Peggy Serame, has said.<\/b><\/p>\n

Delivering the 2023 Budget Speech this week, Minister Serame noted that the government will continue to address expenditure inefficiencies and weaknesses in revenue collection by strengthening tax audit capabilities and leveraging on the Public Private Partnership (PPP) and Development Manager Model approaches.<\/p>\n

Significant increase<\/b><\/p>\n

\u201cOverall, the development expenditure will be increased by 27.88 percent in the 2023\/2024 financial year, compared to the budget for the current year,\u201d she said. \u201cThis significant increase in the development budget may pose another risk of corrupt activities in its execution.<\/p>\n

\u201cGovernment will therefore continue to put in place risk mitigating measures and also ensure that the law is enforced effectively. I also call upon the public to be vigilant and assist in safeguarding our national resources.\u201d<\/p>\n

P12.73bn for infrastructure<\/b><\/p>\n

Serame said a development budget of P12.73 billion is being proposed for implementation of infrastructure development projects.<\/p>\n

She explained that the largest share of the development budget for implementation of infrastructure projects is influenced by the recognition that infrastructure development is a critical enabler of enhanced productivity and sustainable economic growth.<\/p>\n

\u201cThis will also promote the active participation of the private sector, women, youth and citizens more generally, all in pursuit of building resilience, strengthening inclusiveness and increasing growth,\u201d she noted.<\/p>\n

\u201cLet me reiterate that since Botswana is strategically positioned in southern Africa, this presents a great opportunity for us to play a significant role in the development of regional infrastructure projects, as we did with the Kazungula Bridge.<\/p>\n

Water supply<\/b><\/p>\n

\u201cIt is therefore crucial for all those involved in the delivery of infrastructure projects to ensure that this is done efficiently and effectively.\u201d<\/p>\n

Regarding water supply and sanitation challenges across the country, the finance minister spoke of continuation of implementation of major projects in the 2023\/2024 financial year.<\/p>\n

\u201cThese include, among others, rehabilitation of water networks especially in areas prone to frequent breakdowns such as Kanye and Molepolole,\u201d she noted.<\/p>\n

Becoming a net exporter of electricity<\/b><\/p>\n

Meanwhile, Serame said to enable Botswana to become a net exporter of electricity, implementation of projects under the Integrated Resource Plan will be fast-tracked to ensure security of electricity supply.<\/p>\n

\u201cThe Integrated Resource Plan encompasses mainly green technology projects geared to addressing, amongst others, the issue of climate change whilst reducing the country\u2019s high electricity import bill,\u201d she noted.<\/p>\n

\u201cThe current target is to raise the contribution of renewable energy in total power generation from one percent to 30 percent by 2030.\u201d<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. In the 2023\/2024 financial year, the government will increase the development budget significantly in order to fill infrastructure gaps and implement projects necessary to unlock constraints to economic growth, the Minister of Finance, Peggy Serame, has said. Delivering the 2023 Budget Speech this week, Minister Serame noted that the government will continue […]<\/p>\n","protected":false},"author":84,"featured_media":21880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,12],"tags":[233,237,234],"class_list":["post-21881","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-policy","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nGov\u2019t increases Development Budget to fill Infrastructure Gaps - Botswana<\/title>\n<meta name=\"description\" content=\"In the 2023\/2024 financial year, the government will increase the development budget significantly in order to fill i ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-increases-development-budget-to-fill-infrastructure-gaps\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t increases Development Budget to fill Infrastructure Gaps\" \/>\n<meta property=\"og:description\" content=\"In the 2023\/2024 financial year, the government will increase the development budget significantly in order to fill i ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-increases-development-budget-to-fill-infrastructure-gaps\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-11T16:52:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-11T18:34:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/02\/postQueueImg_1676121762.92.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-increases-development-budget-to-fill-infrastructure-gaps#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-increases-development-budget-to-fill-infrastructure-gaps\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Gov\u2019t increases Development Budget to fill Infrastructure Gaps\",\"datePublished\":\"2023-02-11T16:52:03+00:00\",\"dateModified\":\"2023-02-11T18:34:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-increases-development-budget-to-fill-infrastructure-gaps\"},\"wordCount\":457,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-increases-development-budget-to-fill-infrastructure-gaps#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/02\/postQueueImg_1676121762.92.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-increases-development-budget-to-fill-infrastructure-gaps#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-increases-development-budget-to-fill-infrastructure-gaps\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-increases-development-budget-to-fill-infrastructure-gaps\",\"name\":\"Gov\u2019t increases Development Budget to fill Infrastructure Gaps - 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