Fiscal boost as diamond sales recover
Friday, January 13, 2017
Shot in the arm: Finance misnister Kenneth Matambo is expected to deliver the 2017/ 18 budget speech next month PIC: TSELE TSEBETSAME
Latest financial statistics from the Bank of Botswana show that, thanks to higher mineral revenues, the national budget recorded a P1.65 billion quarterly surplus in the three months ending September 2016.
This was the first quarterly budget surplus since the three months ending March 2015 and it was largely driven by P14 billion tax revenue, which includes mineral royalties and dividends.
‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...