Budget forecast to remain in surplus

Nyamadzabo: PIC MORERI SEJAKGOMO
Nyamadzabo: PIC MORERI SEJAKGOMO

The national budget is forecast to post another surplus next year, upholding a three-year trend where government has managed to collect enough revenues to cover its expenditure. After falling into deficit in the financial crisis period 2009/10 to 2011/12, the economy has bounced back to recorded minor surpluses since then.

Speaking at a Budget Pitso held last week, secretary for Finance and Economic Policy, Taufila Nyamadzabo, said the proposed budget for the 2015/16 financial envisages a small surplus of P1.4 billion or 0.8 percent of GDP.

“Total revenue and grants are projected to reach P52.8 billion, an increase of 5.3 percent from the proposed 2014/15 estimate of P50.2 billion.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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