Food, Agriculture and Natural Resources Policy Analysis Network (FANRPAN) Food, Agriculture and Natural Resources Policy Analysis Network (FANRPAN)
Site map|Contact us  

 


2010/11 Lesotho budget
12 February 2010
Honourable Timothy T Thahane


Read whole speech online

Madam Speaker,

Allow me to pay 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. The theme of my Budget Statement last February was: “Despite the ravaging financial storms, Lesotho must remain focused on (attaining) high, shared and sustainable growth and (on) protecting the poor.”
  2. The economic and financial storms have ravaged the world economy during 2009. Summits of leaders of industrialised and developing countries have taken place and counter-cyclical fiscal stimulus packages have been implemented. As a result, there are flickering signs that the global economy is beginning to recover.
  3. Lesotho, for its part, has been buffeted by these financial and economic storms. But, it has remained focused on the economic fundamentals of pursuing high, shared and sustainable growth, reducing poverty, creating jobs and protecting the poor, orphans and vulnerable children and old citizens. It has remained focused on:
    • maintaining sound macro-economic framework that will mprotect the country from plunging into a financial crisis;
    • investing in the construction of more urban and rural roads through Local Councils and Central Government;
    • extending village water supplies and sanitation and accelerating water connections in the urban areas;
    • expanding the fixed line, cellular, and electricity networks and household connections;
    • investing in free primary education whose first cohort results have been satisfactory at the Junior Certificate level in 2009; constructing new secondary schools and additional classrooms; and
    • improving and refurbishing of clinics and constructing a new modern 440 bed referral hospital that will treat Basotho in Lesotho rather than refer them outside the country.
  4. Lesotho has remained focused on fighting HIV and AIDS; and extending the care and treatment of Children with HIV and AIDS. It is building satellite clinics in all the ten districts of Lesotho. It has partnered with the Christian Health Association of Lesotho and other development partners to deliver coverage over a wider area and to include more people.
  5. Lesotho has remained focused on linking the people living in the mountains with those in the lowlands by constructing bridges on Senqu and Senqunyane; continuing feasibility studies and designs of the trunk roads from Thaba Tseka to Sani Pass and from Sani Pass to Mokhotlong; and reconstruction of the Oxbow-Mokhotlong road as well as the South 1 road from Maseru to Mafeteng and Morija to Matsieng and back to South 1 at Ha Moruthoane.
  6. Lastly, Government has remained focused on developing phase II of the Lesotho Highlands Water Project by completing the feasibility studies, negotiating Heads of Agreement on the financing and construction of Polihali Water Reservoir and generating hydropower. Phase II is likely to cost between six and seven billion Maloti, and like phase I, contribute to the establishment of high quality infrastructure and other social services for people living in the environs of the project.

Top of page   -   Home   -   Contact us   -   Disclaimer
Food, Agriculture and Natural Resources Policy Analysis Network
FANRPAN Remote Access FANRPAN Webmail
Octoplus Information Solutions