Higher BoB revenues pull budget out of deficit

Bank of Botswana
Bank of Botswana

A three-fold jump in expected payments from the Bank of Botswana (BoB) saw the national budget for the year ended March 31, 2017 swing from a projected deficit to a surplus.

In the last State of the National Address before he leaves office next year, President Ian Khama on Monday said the final estimates for the 2016/17, government budgets show a surplus of P1.1 billion, compared to a revised budget estimate of a deficit of P1.12 billion.

The Ministry of Finance and Economic Development was expecting to run budget deficits from 2015 to 2020, and the new surplus figures break the deficits forecast.

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

Have a Story? Send Us a tip
arrow up