Matambo forecasts P8bn budget deficit for 2018
Wednesday, September 27, 2017
The estimates are contained in the Budget Strategy Paper, a blueprint for the budget produced annually at least three months before the Budget Speech.
The Paper is usually discussed at three dipitso before final ministerial feedback and submission of the proposed budget to Cabinet in December, ahead of the speech in February. Briefing stakeholders at the first pitso yesterday, Finance Minister, Kenneth Matambo said government was concerned about the widening budget deficits and would tighten spending supervision next year and beyond.
While his leadership has brought about significant progress and development, it is imperative that he exercises greater caution in his choice of words, particularly when addressing sensitive matters.One of the primary concerns is the potential impact of his remarks on Botswana’s relationship with De Beers, the diamond mining giant that plays a crucial role in the nation’s economy.The partnership between Botswana and De Beers has been mutually...