mmegi

Budget on track for surprise diamond-backed surplus

Friday, January 13, 2023 | 1010 Views |

Balancing act: Serame’s books could be headed for a surplus at the end of March PIC: PHATSIMO KAPENG

Stronger than expected mineral exports, particularly diamonds, helped the budget post a P598.7 million surplus for the first half of the 2022-23 fiscal year, an achievement that has raised hopes of a positive outturn for the full year.

The last time the budget recorded a first half surplus was in 2014-15 with P859 million, according to BoB records available online.

Finance Ministry technocrats have not yet revised their expectations of a P7.7 billion deficit for the current fiscal year, although Minister Peggy Serame is expected to give an update on the numbers when she delivers the budget next month.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

The Oneal R&B Orchestra event was an African storytelling in a format not previously explored locally.

Oneal R&B orchestra shares African story

Lucy Kgweetsi | 18 m ago

Yarona FM to host Just Kidding Fam Fest

Nnasaretha Kgamanyane | 23 m ago

Softball Spectacular to quench players’ thirst

Calistus Kolantsho | 27 m ago

Zebras to camp in Tunisia ahead of AFCON finals

Mqondisi Dube | 32 m ago

Search continues for Maun boy feared to have been taken by a crocodile

Larona Makhaiza | 14 h ago

Inimba Gets the Nod for Season 2 on Mzansi Magic

correspondent | 18 h ago

Peace conference addresses growing list of social ills

Laone Choeunyane | 21 h ago

GAYO Botswana and BA ISAGO University Forge Major Partnership to Advance Climate Education and Youth Leadership

correspondent | 21 h ago

Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

The Monitor Editor | 02 December 2025

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More