One of the reasons a national budget speech is such an important occasion is that it reflects the mood, goals and priorities of the administration. A budget speech transforms political rhetoric and campaign promises into concrete policies that address practical problems. In Lesotho, and other developing countries, the speech provides a benchmark against which development partners can gauge how far politicians are prepared to go, to literally put money where their mouths are.
Last week, Lesotho’s newly appointed minister of finance, Dr Moeketsi Majoro, a former employee of the IMF, made his maiden budget speech, and emphasised once again the new government’s commitment to the fight against corruption and wasteful spending. The four political parties in this coalition government — the second in three years — campaigned on a strong anti-corruption ticket.
Depoliticising bureaucracy and strengthening procurement regulations are some of the measures that the new administration is lining up to tackle endemic graft. Perhaps, the clearest sign of commitment to anti-corruption is the 40 per cent increase in the budget of the Directorate on Corruption and Economic Offences (DCEO).