Matambo pegs 2018/19 hopes on global recovery

Tuesday, February 06, 2018

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.

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Matambo pegs 2018/19 hopes on global recovery

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.