Matambo forecasts P8bn budget deficit for 2018

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.