Growth now expected near zero, deficit set to widen
Friday, June 06, 2025 | 200 Views |
Frank talk: Kganetsano at the PAC on Monday
The latest forecast comes as Finance ministry technocrats prepare the country’s inaugural mid-term budget, which will provide a half-year revision of the estimates provided in the February budget.
In a week in which the country was shaken by more revelations of the dire hand-to-mouth state of public finances, Finance ministry officials announced that the local economy was facing the possibility of the first ever double recession since Independence in 1966.
According to both the acting director of Veterinary Services, Kobedi Segale and acting Lands and Agriculture minister, Edwin Dikoloti, the virus currently raging through the North-East mostly likely first entered the country during the festive season.From the “unprecedented” number of cases picked in testing last week, it is likely that cattle and other livestock could have been infected last year, without being reported.Animal health...