Budget deficit swings to surplus but...

Open doors: The Ministry of Finance is inviting public comments for the 2024–2025 budget and for the first time, will hold all its budget consultative meetings outside Gaborone to facilitate greater public consultation PIC: MBONGENI MGUNI
Open doors: The Ministry of Finance is inviting public comments for the 2024–2025 budget and for the first time, will hold all its budget consultative meetings outside Gaborone to facilitate greater public consultation PIC: MBONGENI MGUNI

The 2022–2023 budget now reveals a slight surplus of P10 million, up from an anticipated deficit of approximately P7 billion.

However, the main contributor to this surplus is the underutilisation of the development budget across various ministries, the latest data from the Finance ministry shows.

While higher-than-expected mineral revenues did contribute to the modest surplus for the year, fiscal authorities are particularly concerned about the persistent issue of underspending, despite multiple efforts to enhance project implementation.

Editor's Comment
Prosecutors deserve better

These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...

Have a Story? Send Us a tip
arrow up