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
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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