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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
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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