Mid-term national budget in surplus

Friday, December 08, 2017

In the black: Despite Matambo predicting a P 6.5 billion deficit for the year, the budget was in surplus at half a year

The national budget posted a cumulative surplus in the first six months of the 2017/18 financial year, largely on the back of higher mineral revenues, figures released by Bank of Botswana this week show.

The Botswana Financial Statistics (BFS) report for October reveals that at the end of the half-year period to September 2017, the budget posted a surplus of P107 million. At this point last year, the budget showed a cumulative deficit of P1.7 billion suggesting a healthier fiscal position in the current financial year.

Government financial year starts in April and ends the following March.

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Mid-term national budget in surplus

The national budget posted a cumulative surplus in the first six months of the 2017/18 financial year, largely on the back of higher mineral revenues, figures released by Bank of Botswana this week show.