Mmegi

Deficit due to drop; more spending cuts due

Brainstorming: The Finance Ministry’s technocrats are holding budget meetings with various ministries and balancing requests with forecasts and priorities
Brainstorming: The Finance Ministry’s technocrats are holding budget meetings with various ministries and balancing requests with forecasts and priorities

Finance ministry technocrats expect the deficit for the current financial year to come in at P9.2 billion, rather than the original forecast of P22.1 billion, but more tightening of the fiscus is required going forward as the outlook for diamonds remains weak.

The insights are contained in the Budget Strategy Paper released this week. The annual research and estimates document is usually released in September and is a blueprint of the policies, numbers, and priorities underpinning the next budget.

This year, the paper is coming just weeks before the budget statement, due in early February, amidst reports that technocrats have been battling to crunch numbers, especially forecasts, as well as infuse the new administration’s policies into the budget development process.

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...

Have a Story? Send Us a tip
arrow up