Categories: Business

2019 budget will be difficult to deliver – CSPR

The Civil Society for Poverty Reduction (CSPR) observes that the 2019 national budget will be difficult to deliver due to constraints in fiscal space.

The organization says this will also be coupled with high debt levels and sluggish economic growth.
CSPR Executive Director Patrick Nshindano tells Money FM News via telephone that sufficient resource allocation to key areas will prove to be a challenge in the 2019 national budget.

Mr. Nshindano says in this regard, the government through the Ministry of Finance, should ensure that resources allocated to social protection, health, water development and sanitation, and education are not compromised.

“Our recommendations are that the government re-fences pro poor resources by ensuring that all resources allocated to poverty reduction are re-fenced,” he said.

He is also advising the government to see to it that it stimulates private sector growth as this is also one of the key areas to help develop the country.

“We are also expecting the government to focus on the enactment of some bills such as the Planning and Budgeting Bill, Loans and Guarantee Bill and Public Procurement Bill so as not to misuse the national budget,” said Mr. Nshindano.

Mr. Nshindano, who is also an Economist, says he expects credibility in the implementation of the nation budget and that there must be a legal framework guiding the austerity measures and the economic stabilization so that they can come to fruition.

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