{"id":10413,"date":"2022-02-21T08:42:28","date_gmt":"2022-02-21T08:42:28","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/parly-lcci-seek-prioritisation-of-revenue-collections"},"modified":"2022-02-21T10:03:12","modified_gmt":"2022-02-21T10:03:12","slug":"parly-lcci-seek-prioritisation-of-revenue-collections","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/parly-lcci-seek-prioritisation-of-revenue-collections","title":{"rendered":"Parly: LCCI seek prioritisation of revenue collections"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>The portfolio committee on the Economic and Development Cluster presented The Consolidated Report on the Annual Budget and Estimates of Revenue and Expenditure for the Financial Year 2021\/2022 on March 30th at<\/p>\n

the National Assembly. The committee was seized with the budget after its presentation on February 17 by the Minister of Finance. In its report, the Economic and Development Cluster said it has \u201cnoted with great concern that the<\/p>\n

2021\/2022 Budget has been prepared under very difficult circumstances due to<\/p>\n

the Covid-19 outbreak\u201d. The Committee\u2019s report noted that for 2020\/2021 fiscal year, the government had directed funds and reallocated them to the fight against the Covid-19.<\/p>\n

These funds were both from the Capital and Recurrent Expenditure. \u201cThe Committee recommends that the Auditor-General should be furnished with financial statements of the monies<\/p>\n

used in this regard, for her to prepare a Special Report and such report should be submitted to the Minister of Finance for tabling in the House. Thereafter,<\/p>\n

such report will stand referred to a relevant Committee for consideration pursuant to Standing Order No.95 (1) (d),\u201d reads the report in pertinent part.<\/p>\n

The Committee has applauded the government\u2019s move to mount the performance-management which the Minister of Finance said it will be roll- out in the civil service.<\/p>\n

It has also commended the government on the proposed cashless payment method highlighting that it will safe keep the government\u2019s revenue. Some of the Ministries\u2019<\/p>\n

lack of \u201ccommitment\u201d performance on Non-Tax Revenue did not go down well with the committee as it has recommended that the responsibility be shoulder by the<\/p>\n

Lesotho Revenue Authority (LRA) in order to enhance the government\u2019s collections. The Committee expressed concern over the \u201cescalating\u201d public debt decrying lack of consultations<\/p>\n

prior to applying for loans. It has recommended that the parliament be consulted \u201cprior to the country getting into any public debt\u201d. It had also warned that the \u201cdelay to release funds by the Ministry of Finance affects the<\/p>\n

performance of ministries negatively\u201d. In a correspondence addressed to the Clerk of the National Assembly by the Lesotho Chamber of Commerce and Industry (LCCI) post budget speech, the industry has taken swipe<\/p>\n

at the proposed levy on alcohol and tobacco amongst others. The LCCI holds that, \u201cThe current proposed alcohol and tobacco levy will not assist the government<\/p>\n

to increase revenue as it is not supported by any research or studies that could properly guide it. As it has been included in tax policy proposals, the<\/p>\n

government is advised to conduct consultations with the industries concerned and carry proper research that can clearly guide any policy proposal towards<\/p>\n

those products. \u201d Further punching holes on the budget, LCCI accused the government on what they termed as \u201cno aligned policy\u201d adding that the \u201ccurrent tax rates are inconsistent\u201d.<\/p>\n

They also mentioned the misaligned tax policy on agricultural products, mentioning that some products are zero-rated while other are taxed. The commerce industry<\/p>\n

advocated for \u201cclear\u201d government policies. It showed that the 2021\/2022 budget is \u201cbuilt on\u201d the previous budget which they argued was hampered by the<\/p>\n

outbreak of the Covid-19. They also advised the government to dispose the land to private developers, a move which the LCCI deems will generate income and more tax revenue for the government.<\/p>\n

The letter further reads thus: \u201cWe are one country that is still operating on very old laws generally but if [the] government could modernize its tax laws, more revenue could be generated.\u201d<\/p>\n

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

Africa-Press – Lesotho. The portfolio committee on the Economic and Development Cluster presented The Consolidated Report on the Annual Budget and Estimates of Revenue and Expenditure for the Financial Year 2021\/2022 on March 30th at the National Assembly. The committee was seized with the budget after its presentation on February 17 by the Minister of […]<\/p>\n","protected":false},"author":84,"featured_media":10412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,246,415,245],"class_list":["post-10413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-lesotho","tag-economic","tag-lesotho"],"yoast_head":"\nParly: LCCI seek prioritisation of revenue collections - Lesotho<\/title>\n<meta name=\"description\" content=\"The portfolio committee on the Economic and Development Cluster presented The Consolidated Report on the Annual Budget a ...\" \/>\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\/lesotho\/all-news\/parly-lcci-seek-prioritisation-of-revenue-collections\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Parly: LCCI seek prioritisation of revenue collections\" \/>\n<meta property=\"og:description\" content=\"The portfolio committee on the Economic and Development Cluster presented The Consolidated Report on the Annual Budget a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/parly-lcci-seek-prioritisation-of-revenue-collections\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-21T08:42:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-21T10:03:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/02\/img-6213634379016.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/parly-lcci-seek-prioritisation-of-revenue-collections#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/parly-lcci-seek-prioritisation-of-revenue-collections\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Parly: LCCI seek prioritisation of revenue collections\",\"datePublished\":\"2022-02-21T08:42:28+00:00\",\"dateModified\":\"2022-02-21T10:03:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/parly-lcci-seek-prioritisation-of-revenue-collections\"},\"wordCount\":588,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/parly-lcci-seek-prioritisation-of-revenue-collections#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/02\/img-6213634379016.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"economic\",\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/parly-lcci-seek-prioritisation-of-revenue-collections#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/parly-lcci-seek-prioritisation-of-revenue-collections\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/parly-lcci-seek-prioritisation-of-revenue-collections\",\"name\":\"Parly: LCCI seek prioritisation of revenue collections - 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