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BURS sets sights on P61bn tax target

At the helm: BURS Commissioner General Jeanette Makgolo and her team are set to comfortably exceed the tax target for the 2022 fiscal year PIC: PHATSIMO KAPENG
At the helm: BURS Commissioner General Jeanette Makgolo and her team are set to comfortably exceed the tax target for the 2022 fiscal year PIC: PHATSIMO KAPENG

An economic rebound in the region and resurgent customs union revenues could help Botswana Unified Revenue Service (BURS) collections to as much as P61 billion in the forthcoming financial year, more than 25% higher than the current year, BusinessWeek has learnt.

Generally, mineral taxes anchor the country’s tax receipts but for the 2023–24 fiscal year, the customs union revenues will take centre stage, rising to about P25 billion from P14.4 billion in the current financial year.

The latest forecasts are contained in draft Finance Ministry estimates made available after the recent budget speech by Finance minister, Peggy Serame.

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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