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.

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BERA mourns Mogae

Ncojane P1.5 billion water tender blocked despite CoA approval

Mogae legacy unites Serowe community

Serowe honours Mogae

From the highs of Gaborone to the lows of Accra

National Stadium braces for FA Cup semis warfare

Temperatures boil at BFA

Babitseng off to Harare to take up COSAFA post

Academic cheating must be rooted out