Budget to return to first surplus in eight years

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

Editor's Comment
Urgent call: Stop the killing!

The previous week, we had an article about a police officer shooting his wife, and turning the gun on himself, whilst he died, his wife survived and is still in the hospital.Sadly that was not the only article we carried on intimate partner killings. There was the Francistown case, where a young woman allegedly stabbed her ‘former boyfriend’ and many others which were reported throughout the week.As all the reports were coming in, a Botswana...

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