Fiscal boost as diamond sales recover

Shot in the arm: Finance misnister Kenneth Matambo is expected to deliver the 2017/ 18 budget speech next month PIC: TSELE TSEBETSAME
Shot in the arm: Finance misnister Kenneth Matambo is expected to deliver the 2017/ 18 budget speech next month PIC: TSELE TSEBETSAME

Diamond sales appear to have registered a notable recovery in 2016, a development that will be music to the ears of fiscal authorities faced with a forecast P6-billion-budget deficit in the financial year ending this March.

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. 

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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