CALL INVESTMENT POLICY TO PROPEL ECONOMIC GROWTH
One prominent budget analyst, Dr Ratjomose Machema says there is pressing need for a comprehensive investment policy and legal framework to bolster foreign direct investment (FDI) in Lesotho. Speaking on the alarming decline in development assistance over the years, he emphasized the critical role that a well-structured investment strategy could play in revitalizing the nation’s […]
FINANCE MINISTER PRESENTS 2025/26 BUDGET
For 2025/2026 financial year, the government projects total spending to 65 percent of Gross Domestic Product (GDP), with recurrent expenses at 48.8 percent of GDP. This was disclosed by the Minister of Finance and Development Planning Dr Rets’elisitsoe Matlanyane when presenting 2025/2026 budget estimates in Parliament on Wednesday. She said a significant development in the […]
LESOTHO HOPES FOCAC TO BEAR FRUITFUL RESULTS
With only two days left before the official launch of the much anticipated Forum on China – Africa Cooperation (FOCAC) hosted in Beijing, Lesotho hopes it addresses major issues like infrastructure. This is according to the Minister of Public Works and Transport MrMatjato Moteane , who is among Prime Minister Mr Sam Matekane’s delegation. He […]
LESOTHO HAS POTENTIAL ON AGRICULTURE
The usage of emerging technologies and innovation that seem to be spreading across the globe can in a way help in the improvement of sustainable agricultural systems. This was said by the Minister of Information, Communication, Science, Technology and Innovation Ms Nthati Moorosi, during a panel discussion at the High level dialogue on the Future […]
2024-2025 BUDGET SPEECH
BUDGET SPEECH TO THE PARLIAMENT OF THE KINGDOM OF LESOTHO FOR THE 2024/2025 FISCAL YEAR
2024-2025 BURGET SPEECH ON WEDNESDAY NEXT WEEK
The Minister of Finance and Development Planning, Dr Retšelisitsoe Matlanyane is expected to deliver the 2024/25 fiscal year budget estimates in Parliament on Wednesday next week. This was revealed in the letter read by the Speaker of the National Assembly, Mr. Tlohang Sekhamane during the sitting of the House on Friday. The letter, which was from the Principal Secretary in […]
BUDGET ESTIMATES BOOK FOR 2023/2024 FISCAL YEAR
BUDGET ESTIMATES BOOK FOR 2023/2024 FISCAL YEAR
MICSTI REQUESTS M241,330,995 FOR 2023/24 FISCAL YEAR
The Minister of Information, Communication, Science, Technology and Innovation (MICSTI), Ms. Nthati Moorosi has requested M241,330,995 for the recurrent budget for the financial year 2023 /24. Ms. Moorosi said that the money is intended to among others pay salaries for employees, operating costs, travel and transport as well as the acquisition of non-financial assets. She […]
APPROPRIATION (2023/2024) BILL PASSED BY THE HOUSE
The Members of the National Assembly have anonymously passed the Appropriation (2023/2024) Bill which makes provision for the Consolidated Fund of the Government of Lesotho, of the sums necessary to meet the public expenditure for certain purposes during the year ending on March 31, 2024. Speaking on the Appropriation Bill motion, the Minister of Finance […]
LESOTHO DEBTS STAND AT M22 BILLION
The Minister of Finance and Development Planning, Dr Retšelisitsoe Matlanyane requested funds for the public debt, pensions and gratuities, statutory salaries and allowances in the National Assembly on Monday. When requesting the funds allocation, Dr Matlanyane revealed that Lesotho’s debt stands at M22 billion which she said includes external and domestic debts. She said the […]
