Budget forecast to remain in surplus

Tuesday, September 23, 2014

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.

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Budget forecast to remain in surplus

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

MISA Botswana celebrates World Press Freedom day

Unlawful wounding turns to murder

Mahalapye suspected copper cable thief nabbed

TAFIC targets top four finish

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Repatriation underway for seven SA Pilgrims

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