Matambo bullish as growth doubles, deficits narrow

Presenting the 2017/18 budget  speech before Parliamentarians, Matambo said Government will again spend more than it collects this year with expenditure, dominated by investments in water, energy, defence, education and the much talked about Economic Stimulus Package (ESP), outweighing revenues.

A P2.5 billion-budget deficit is forecast this year from P1.1 billion in 2016 with investments in utilities and other infrastructure   taking the largest chunk of the P59.54 billion expenditure. Revenues is estimated at  P57.2 billion this year.