Matambo pegs 2018/19 hopes on global recovery

Matambo PIC. KENNEDY RAMOKONE
Matambo PIC. KENNEDY RAMOKONE

Finance Minister, Kenneth Matambo expects the warming global economy and rising commodity prices to underpin the country’s buoyant forecasts for revenues and growth in 2018/19.

According to his budget speech yesterday, Matambo expects 2018 growth to reach 5.3 percent from 4.7 percent in 2017, while revenues will jump to P64.3 billion from the revised 2017/18 figure of P57.2 billion.

By comparison, the World Bank in January forecast Botswana’s growth at 4.7 percent in 2018 and 4.5 percent in 2017.

Editor's Comment
Mind your health

They've repeatedly warned that hypertension, or high blood pressure, often termed a chronic lifestyle disease, is a silent killer. It's crucial for everyone to be aware of their health status. Nowadays, many companies host wellness days, offering free disease screenings to employees!Unfortunately, even with such services, some choose not to take advantage of the opportunity.The Dutch Reformed Church in Botswana recently organised a...

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