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
Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

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