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.
‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...