Lesotho Delays Budget After Main Party Withdraws From Coalition

Moeketsi MajoroPhotographer: Thierry Monasse/Bloomberg
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Lesotho, a southern African kingdom plagued by years of political instability, postponed its budget after the main party withdrew from the nation’s ruling coalition.

The All Basotho Convention announced it’s pulling out of the government shortly before Finance Minister Thabo Sophonea was set to deliver the annual budget on Wednesday in the capital, Maseru. Lawmakers prevented Sophonea from speaking by insisting that the government had collapsed, though the speaker of parliament has yet to make a declaration on the matter.