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Budget to return to first surplus in eight years

Friday, September 23, 2022 | 2090 Views |

Balancing act: Finance Minister, Peggy Serame expects headwinds to hit the economy in the short term, followed by fiscal stability PIC: MORERI SEJAKGOMO

Ministry of Finance technocrats expect the budget to return a P355 million surplus in the 2024–25 financial year, the first in eight years and a break from a series of deficits that ran down savings and increased government debt.

Ministry of Finance technocrats expect the budget to return a P355 million surplus in the 2024–25 financial year, the first in eight years and a break from a series of deficits that ran down savings and increased government debt.

According to the Budget Strategy Paper released recently, the fiscus is expected to incur a P7.7 billion deficit in the current fiscal year, followed by a narrower P163 million shortfall in 2023–24.

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Budget to return to first surplus in eight years

Ministry of Finance technocrats expect the budget to return a P355 million surplus in the 2024–25 financial year, the first in eight years and a break from a series of deficits that ran down savings and increased government debt.

Oneal R&B orchestra shares African story

Yarona FM to host Just Kidding Fam Fest

Softball Spectacular to quench players’ thirst

Zebras to camp in Tunisia ahead of AFCON finals

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

Inimba Gets the Nod for Season 2 on Mzansi Magic

Peace conference addresses growing list of social ills

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

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