FinMin presents 2014 Budget
Minister of Finance and Development Planning, Mr Kenneth Matambo has presented his 2014/2015 budget to parliament. The minister expects spending to be P48.857 billion (£3.26 billion; $5.32 billion) with income at P50.183 billion (£3.35 billion; $5.46 billion), giving a budget surplus of P1.326 billion. This represents a 9.1% increase on the revised 2013/2014 budget.
You can read the full text of the budget speech here.