Overview of 2023 Budget

NETE Government Proposals Revenue Strategy for FY23/24 - FY24/25 - very weak relative to other strategies and poorly articulated plans. RSL needs to improve submission to MoF. ● ● Modernisation of tax collection Has impact on the achievement of fiscal strategy • Improve tax revenue as a share of the total budget • Increase share of domestic resources (revenue and financing) • Consider informal sector taxation as an option for broadening the tax base Can aid Govt to crowd-in and stimulate private investment • . Tax concessions and breaks reforming the corporate tax structure to lessen potential distortions and attract FDI • Can stimulate domestic demand consumption • Income tax credit THEBE NETE THEBE

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