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Ministry to resolve GABS challenges

29 Feb 2024

Preparations are underway to implement long-term solutions to challenges besieging the Government Accounting and Budgeting System (GABS), says Minister of Finance, Ms Peggy Serame.

Presenting her ministry’s 2024/2025 budget proposal to Parliament on Tuesday, Ms Serame said they had purchased two Oracle supercluster servers to house GABS and that both machines were expected to be operational by the end of the current financial year.

She said it had been realised that the GABS system challenges were mainly associated with its hardware infrastructure.

She said other interventions included the setting-up of a call centre to assist customers with outstanding payments.

Furthermore, she said to stay relevant and in transition into a knowledge-based economy, her ministry has embarked on a digitalisation drive and that more and services were made available online.

She noted that electronic payslips (e-payslips) were available online to all public employees and that more than 104 000 of them received the payslips out of the 129 000 government employees.

She added that the remaining employees would receive their e-payslips before the end of the financial year when manual payslips would be phased out.

Furthermore, Ms Serame also noted that Bank of Botswana had established a digitisation and innovation hub to examine local and global financial technology developments and their impact on its mandate.

She said the bank was digitising its banking services and that the project would be completed by September 2024.

On her ministry, Ms Serame said they were reviewing their legal framework in an effort to strengthen the financial sector resilience to emerging issues and risks.

She noted that several laws had been passed during the current financial year, including the Non-Bank Financial Institutions Regulatory Authority Act of 2023 and the Securities Amendment Act of 2023.

She said the aim was to improve the safety and security of assets in the non- bank financial services industry.

She stated that there were other laws which were at various stages of drafting and were envisaged for submission to the July 2024 Parliament.

Such legislation, she said included the Medical Aid Funds Bill. She said other impending legislation were the Income Tax Bill, which seeks to address the evolving nature of the business environment in the global economy more effectively and Value Added Tax Bill, which seeks to address global business environment such as digitisation.ENDS

Source : BOPA

Author : Thato Mosinyi

Location : GABORONE

Event : parliament

Date : 29 Feb 2024