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
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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