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Lesotho budget speech 2007-08
30 March 2007
Timothy Thahane
Minister of Finance and Development Planning


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

  1. It is a great honour for me to once again stand before the Joint Session of the Houses of Parliament and before all Basotho, in and outside Lesotho, to present the 2007/08 Budget Address. I am grateful to His Majesty King Letsie III and to the Right Honourable Prime Minister for giving me this opportunity to continue to serve the people of Lesotho. I shall serve, as in the past, with integrity, professionalism and firm commitment to and application of the principles of transparency and accountability.


  2. Lesotho is losing the global race for jobs, high, broad-based and sustainable economic growth and poverty eradication to other countries in SACU, SADC, Africa and Asia. This is a sobering reality. My address today calls on us as a nation to realistically assess our role and long-term economic prospects; to seize the opportunities offered to us to-day to transform our economy; to strengthen and broaden our productive and trade capacity; and, thereby, to create jobs and secure a bright future for ourselves and our children. The address calls on us to heed the words of William Shakespeare, hundreds of years ago when he said:

      “There is a tide in the affairs of men, Which taken at the flood, leads on to fortune. Omitted, all the voyage of their life is bound in shallows and in miseries. On such a full sea are we now afloat. And we must take the current when it serves, or lose our ventures”.

  3. Let us heed the clarion call by His Majesty King Letsie III, when he said:

      “Let Vision 2020 be a band which strengthens our oneness, a catalyst that spurs us on to higher levels of performance and achievement”

    Let us seize the tide while it flows. Let us chart our course. Let us embark on this demanding journey towards our Vision 2020 of “A stable democracy, a united and prosperous nation at peace with itself and its neighbours”, a vision of “a strong economy with a healthy and well developed human resource base”.

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