Poor planning
Yesterday, the National Assembly approved the revised budget estimates for the financial year 2008-09. Like the previous year (see earlier entry), the last financial year also saw a huge difference between the approved budget and the most recent revised estimates. This time, however, the difference was completely on the other side of the spectrum – the government expects to spend much, much more than what had been approved. How much more? The total outlay for 2008-09 approved by the National Assembly last year was Nu 21,096.281 million. The government’s revised estimate for 2008-09 is a whopping Nu 25,519.695. That’s…