{"id":12276,"date":"2022-03-30T13:13:37","date_gmt":"2022-03-30T13:13:37","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/moet-gobbles-over-m2-5-billion"},"modified":"2022-03-30T15:38:59","modified_gmt":"2022-03-30T15:38:59","slug":"moet-gobbles-over-m2-5-billion","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/moet-gobbles-over-m2-5-billion","title":{"rendered":"MoET gobbles over M2.5 billion"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>The Ministry of Education and Training (MoET) is poised to receive a budget allocation of just over M2. 5 billion translating to about 10 percent of the<\/p>\n

country\u2019s total budget. The total expenditure estimates are proposed at M24.8 billion of which the recurrent expenditure is M18.1 billion and capital expenditure is M6.8<\/p>\n

billion. These developments transpired on Wednesday this week in the National Assembly during the financial proposals for the Estimates of Revenue and Expenditure for the<\/p>\n

year, 2022\/2023. After the parliament had approved the budget and passed the appropriation bill, the government can now use it as well as raise revenue for the government.<\/p>\n

MoET will receive the largest chunk of the budget and will be followed by the Ministry of Health (MoH) which usually received a larger share than all other<\/p>\n

ministries. For this financial year, MoH will receive M1.9 billion a reduction from the recent past financial year by M411 million. This is owing to the<\/p>\n

government\u2019s decision to cut ties with T\u0161epong Consortium Pty (Ltd), the company that was contracted by the government to run Queen \u2018Mamohato Memorial<\/p>\n

Hospital (QMMH) and it used to gobble close to half of the Ministry\u2019s budget. Giving a brief account for her Ministry\u2019s budget, Minister of Education and Training<\/p>\n

Hon. \u2018Mamookho Phiri said this money will be used to pay salaries, for operating costs, building new classrooms at primary schools and ablution facilities as well as fencing the schools.<\/p>\n

She further said the other portion will be allocated to the Examination Council of Lesotho (ECoL) as it no longer generates income since scrapping off of the Primary School Leaving Examination<\/p>\n

(PSLE) and Junior School Certificate (JSC) examinations through which it used to charge their examination fees. The<\/p>\n

Minister also told the august house that part of their budget will be directed towards the subvention for tertiary institutions. The Ministry of Finance has been allocated just over M1. 09 billion.<\/p>\n

Part of the budget according to Hon. Thabo Sophonea will be used for operating costs and allocated to agencies falling under the Ministry of Finance. Of those, Lesotho<\/p>\n

Revenue Authority (LRA) will receive an allocation of M422 million, Financial Investment Unit (FIU) will receive a sum of M14.9 million, Lesotho Institute of<\/p>\n

Accounts (LIA) is set to receive M4.5 million and Lesotho National League of the Visually Impaired Persons (LNLVIP) is set to receive M1.8 million. Other<\/p>\n

agencies up for funds are the office of the Auditor-General which is allocated M26.7 million while Lesotho Millennium Development Agency will receive M250<\/p>\n

million. Hon. Sophonea highlighted that the funding earmarked for LMDA will be instrumental in facilitating the signing of the Millennium Challenge Corporation (MCC) Compact II which is expected to be signed soon.<\/p>\n

The Ministry of Agriculture and Food Security is allocated M343 million; M49.1 million is earmarked for the Ministry of Trade and Industry; the Ministry of Development<\/p>\n

Planning will have a larger share of just over M1.1 billion which will be directed to scholarships. The Ministry of Justice and Law has been allocated M244 million; the Ministry of<\/p>\n

Home Affairs will receive an increased M432 million; the Ministry of Communications, Science and Technology is set to receive M166 million and Prime Minister\u2019s Office is up for M116 million.<\/p>\n

The parliament\u2019s portfolio committees failed to scrutinise the budget as the opposition resisted its passage saying the ruling main partner All Basotho Convention (ABC) had withdrawn from the coalition and ultimately the government.<\/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 Ministry of Education and Training (MoET) is poised to receive a budget allocation of just over M2. 5 billion translating to about 10 percent of the country\u2019s total budget. The total expenditure estimates are proposed at M24.8 billion of which the recurrent expenditure is M18.1 billion and capital expenditure is M6.8 […]<\/p>\n","protected":false},"author":84,"featured_media":12275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,246,228,245],"class_list":["post-12276","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-education","tag-lesotho"],"yoast_head":"\nMoET gobbles over M2.5 billion - Lesotho<\/title>\n<meta name=\"description\" content=\"The Ministry of Education and Training (MoET) is poised to receive a budget allocation of just over M2. 5 billion transl ...\" \/>\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\/moet-gobbles-over-m2-5-billion\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MoET gobbles over M2.5 billion\" \/>\n<meta property=\"og:description\" content=\"The Ministry of Education and Training (MoET) is poised to receive a budget allocation of just over M2. 5 billion transl ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/moet-gobbles-over-m2-5-billion\" \/>\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=\"2022-03-30T13:13:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-30T15:38:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/03\/img-6244797647a48.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"403\" \/>\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\/moet-gobbles-over-m2-5-billion#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/moet-gobbles-over-m2-5-billion\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"MoET gobbles over M2.5 billion\",\"datePublished\":\"2022-03-30T13:13:37+00:00\",\"dateModified\":\"2022-03-30T15:38:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/moet-gobbles-over-m2-5-billion\"},\"wordCount\":591,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/moet-gobbles-over-m2-5-billion#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/03\/img-6244797647a48.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"Education\",\"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\/moet-gobbles-over-m2-5-billion#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/moet-gobbles-over-m2-5-billion\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/moet-gobbles-over-m2-5-billion\",\"name\":\"MoET gobbles over M2.5 billion - 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