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Budget speech to Parliament for the 2006/2007 Fiscal Year

Parliament of the Kingdom of Lesotho

By Honourable Timothy T. Thahane, Minister of Finance and Development Planning

8 February 2006

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Madam Speaker
Allow me to pay my respects to:
His Majesty King Letsie III and Head of State
The Right Honourable the Prime Minister and Head of Government
The Honourable Deputy Prime Minister and Leader of the House
The Honourable President of the Senate
My Colleagues, Honourable Ministers of His Majesty's Government
Honourable Members of both Houses of Parliament
Excellencies Heads of Diplomatic Missions and International Organisations
Distinguished Senior Government officials
Distinguished members of the Media
The entire Basotho nation across Lesotho and abroad
Ladies and Gentlemen
Madam Speaker

  1. I have the honour to present to the Honourable Members of the two Houses of Parliament, Financial Estimates for Fiscal Year 2006/2007 for their scrutiny and appropriation. I have provided, for their information and noting the Medium Term Expenditure Framework (MTEF). It shows budget estimates for Fiscal Year 2006/2007 and projections for Fiscal Years 2007/2008 and 2008/2009 for a number of Ministries such as Agriculture and Food Security, Education and Training, Health and Social Welfare, Employment and Labour, Tourism, Environment and Culture, and Gender, Youth, Sports and Recreation.

  2. MTEF enables Parliament and the Public to see the sources and amount of revenue that can be expected in the next three years and how the Government proposes to allocate it.

Key National Development Objectives

  1. Honourable Members will recall that Vision 2020 and national objectives for poverty eradication were prepared through a broad consultative and participatory process. It included representatives of political, social, academic, economic, employers, workers, professionals, women and youth organisations. We therefore, own these objectives as a nation, regardless of Party or organisational affiliation. The Government's Poverty Reduction Strategy has been discussed and found sound by the Executive Boards of the World Bank and The International Monetary Fund. The challenge is to implement them with vigour and determination.

  2. Lest anyone has forgotten these national objectives, let me state them briefly:
    • to create jobs and generate income;
    • to increase agricultural production and food security;
    • to develop infrastructure;
    • to deepen and consolidate democracy, good governance, public safety, security and accountability of the elected to the electorate; accountability of government to Parliament; and accountability of Public Servants to Cabinet;
    • to improve the quality and access to education;
    • to improve the quality and access to health care;
    • to manage and conserve the environment and the soil of our land;
    • to improve the efficiency and delivery of services to the citizens; and,
    • Above all, to intensify the fight against HIV and AIDS, especially the KYS (Know Your Status) Campaign.

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