Another budget surplus, but risks loom large

Running the numbers: Matambo in Parliament yesterday. PIC: TSELE TSEBETSAME
Running the numbers: Matambo in Parliament yesterday. PIC: TSELE TSEBETSAME

An anticipated 10 percent increase in mineral revenues is forecast to convey a fourth consecutive budget surplus this year, but the looming slowdown in the advanced and emerging economies could scupper fiscal projections, Finance Minister Kenneth Matambo told Parliament yesterday.

Presenting the 2015/16 budget speech, Matambo said domestic economic growth would this year slow down to 4.9 percent from 5.2 in 2014 with the non-mining sector expected to drive growth instead of the usual economic lifeblood, diamonds. 

According to the minister’s projections, revenues will outweigh expenditure by P1.23 billion or 0.8 percent of GDP in the financial year.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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