tag:blogger.com,1999:blog-8855057824542728030.post423328562468137477..comments2024-03-28T00:47:44.474-07:00Comments on Diary of a Frustrated Brotha: And the Winners of the 2013 Budget Are...Diary of a Frustrated Brothahttp://www.blogger.com/profile/01171143622302626870noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8855057824542728030.post-61967103674444157902012-10-17T06:02:37.664-07:002012-10-17T06:02:37.664-07:00Hi Anonymous, thank you very much for your observa...Hi Anonymous, thank you very much for your observation. It is for this very reason that I deliberately used the wording "... attempting to summarise..." instead "... completely summarised...". I did consider the including the points that you have alluded, however, I approached this blog with the mindset of what should the readers of this blog know. In hindsight now that I have read your comment, I should have included in some way. Thanks.Diary of a Frustrated Brothahttps://www.blogger.com/profile/01171143622302626870noreply@blogger.comtag:blogger.com,1999:blog-8855057824542728030.post-32429714454508875642012-10-16T13:58:38.077-07:002012-10-16T13:58:38.077-07:00Well I do not agree with you when you say ' I ...Well I do not agree with you when you say ' I have therefore, come to the conclusion of attempting to summarise a 19-paged budget into something that would not be a drain to read'. Simply because you have still left some important issues which are important even though they may not be of benefit to you directly. If your analysis/summary is the only piece someone came across then they would have missed some very important issues. Your analysis is quite selective or may be this indicates your areas of strength or interests for which you cannot be crucified.<br />However, I feel that at least the following two issues should be part of every budget analysis especially this year.<br />Firstly in this country where copper is everything, no budget has gone without touching on issues in the mining sector. Therefore it should naturally follow that every analysis or summary shouldn't miss this item. Yours has missed it for reasons unknown. Well, government will now introduce a mining rights transfer tax which was not the case in the past. In this case if you have mining rights which you want to transfer to another person to carry on the mining they will be required to pay tax on top of the price of purchasing the rights. This has positives and negatives I will not delve into. There are also issues of transfer pricing rules to interest payments etc. Not an expert in these things.<br />There is also a very important issue on Farm Inputs Support Programme (FISP) which may be only those of us who grew up in the village may pay attention to. You should be able to know that GRZ spends huge sums of money subsidizing rural farmers. But the system is marred with corruption, a lot of inefficiencies and in a way it is viewed as a vote buying strategy for those in power. For next year GRZ will change the way inputs are distributed by introducing an Electronic Voucher system which will involve the participation of private sector that were previously crowded out by heavy GRZ dominance. This is envisaged to improve not only distribution but also targeting.<br /><br />Well, I end here for now but I think that these are some of the obvious issues that a summary of a national budget should not miss especially this year.<br />Anonymousnoreply@blogger.com