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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
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

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