Budget deficit swings to surplus but...

Friday, August 11, 2023 | 260 Views |

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.

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