UDC promises better life for Batswana
Leader of Opposition in Parliament (LOO), Dithapelo Keorapetse says the Umbrella for Democratic Change (UDC) remains resolute that 100 000 meaningful remunerating jobs within 12 months is achievable.
Further, he asserted that this economy can afford a living wage regime informed by empirical evidence on the cost of living.
In his response to the Budget Speech, Keorapetse noted that the UDC is of an unwavering opinion that all Batswana must have health care insurance scheme commonly known as medical aid.
“Unemployment benefit scheme or fair entitlement guarantee scheme for workers is guaranteed under the UDC and provision of unemployment stipend for the unemployed remains part of our plans,” Keorapetse said, further recommending that all Interns and Tirelo Sechaba participants be absorbed into the public service, and some agencies of the state and parastatals.
His reasoning is that Interns and Tirelo Sechaba participants are skilled, competent and are already rendering a quality service for smaller pay.
“Overhaul the tertiary education financing model and fund willing young people locally, regionally and internationally under a grant-loan scheme for postgraduate studies - Master Degrees, PhDs and other professional
qualifications, especially those with second class upper divisions and first classes,” Keorapetse said.
He explained that doing so will increase their employability locally, regionally and internationally, including self-employment. He said the UDC will make sure that young people monetise YouTube content in Botswana by being on what is known as, 'YouTube Partner Programme.'
He said the UDC government will also accordingly amend tax laws, cyber laws and anti-money laundering controls and ensure that all regulators are on top of their game to enable young talented entrepreneurs to thrive in social media entrepreneurship.
“CAAB needs to draft measures such a reduced landing, parking and navigation fees for small carriers. Carriers that seek to utilise underutilised airports like Selebi-Phikwe, Ghanzi, Francistown, 15 must be incentivised by offering them reduced passenger taxes, navigation fees, landing fees,” Keorapetse said, adding that the UDC has advised the government to formulate a policy that allows for small domestic carriers to enter the market.
Keorapetse explained that in recent years, Botswana has witnessed a commendable increase in its tax-to-GDP ratio, which is a testament to the nation's commitment to fiscal responsibility.
However, he stated that there remains ample room for improvement, a sentiment echoed by the Umbrella for Democratic Change (UDC) and embraced by the Minister of Finance. The UDC proposes a comprehensive overhaul of tax policies and laws aimed at bolstering revenue generation and addressing socio-economic disparities.
One of the key strategies put forth by the UDC involves maximising revenue collection from the mining sector, a cornerstone of Botswana's economy. By tightening compliance in the submission of monthly mineral production returns and endorsing initiatives like the Extractive Industries Transparency Initiative, the nation can recoup significant amounts in uncollected royalties and dividends.
Keorapetse said that the UDC advocates for a progressive tax regime that promotes fairness and social equity. A proposed upward revision of the corporate income tax, excluding manufacturing and businesses in special economic zones, aims to ensure that corporations contribute their fair share to national development.
In addressing wealth inequality, the UDC proposes the implementation of a wealth tax, emphasising the need for redistributive policies. Targeted taxation on luxury goods, coupled with incentives for companies providing quality employment opportunities for young people, reflects a commitment to inclusive growth.
Notably, the UDC stands firm against regressive measures such as the 'pink tax,' highlighting the importance of alleviating financial burdens, particularly for marginalised groups.
He noted that recognising the persistent challenge of period poverty, the UDC recommends the removal of value-added tax (VAT) from essential items like sanitary pads, alongside VAT exemptions for water and electricity.
Additionally, the introduction of high financial transaction taxes and stringent measures against transfer pricing aim to curb capital flight and promote domestic investment.
Following the delivery of the 2024/2025 budget speech by Finance Minister Peggy Serame last week, there have been mixed reaction from members of the public.
President of Nanogang Community Junior Secondary School Student Representative Council, Wame Seopane was pleased that the budget focused heavily on investment, believing that this will lead to economic growth and help Botswana move from a developing country to a developed one by 2036.
She stressed the importance of patriotism, arguing that Batswana should not acquire skills in other countries and stay there, but rather return home to contribute to the development of their country.
Mpho Macha former Naledi Senior School student awaiting her Botswana General Certificate of Secondary Education, was pleased to learn that the education sector had been allocated the largest share of the budget, and hoped that the concerns of students regarding lack of books and infrastructure would be addressed. This was reassuring for her and will hopefully lead to a better learning environment for students.
Rosemary Rantsimane felt that the budget emphasised the need for Batswana to change their mindset, as the president has often stated. She was pleased that funds had been allocated to different ministries, which she believed would have a positive impact on the whole country. She believed that Batswana should take advantage of the government's initiatives and work together to create a brighter future for everyone.
Another Motswana who asked to be anonymous said despite the government's efforts to improve the lives of Batswana, one area that is still lacking is affordable housing. She said Batswana still live in rented homes, but the budget did not address the issue of land equity.
This is a problem that needs to be addressed, as it is contributing to the growing gap between the rich and the poor. Until this issue is resolved, the poor will continue to struggle, while the rich will continue to benefit from government initiatives, she said.
Mahalo Montsho, a third year student at the University of Botswana was impressed by the budget, particularly by the increase in school infrastructure. She was also pleased that new roads are being built, including the A3, which has been a source of concern due to high rate of accidents. These improvements will have a positive impact on the lives of Batswana.
Kennedy Gaborone also a third year student under the faculty of health at the University of Botswana encouraged the youth to take advantage of the government initiatives outlined in the budget, emphasising the importance of working together to build a stronger future for Botswana.
He urged the youth to be proactive in pursuing opportunities and to take an active role in their own development and the development of their country.