Mid-term national budget in surplus

In the black: Despite Matambo predicting a P 6.5 billion deficit for the year, the budget was in surplus at half a year
In the black: Despite Matambo predicting a P 6.5 billion deficit for the year, the budget was in surplus at half a year

The national budget posted a cumulative surplus in the first six months of the 2017/18 financial year, largely on the back of higher mineral revenues, figures released by Bank of Botswana this week show.

The Botswana Financial Statistics (BFS) report for October reveals that at the end of the half-year period to September 2017, the budget posted a surplus of P107 million. At this point last year, the budget showed a cumulative deficit of P1.7 billion suggesting a healthier fiscal position in the current financial year.

Government financial year starts in April and ends the following March.

Editor's Comment
Shame on the Police!

According to a press statement from the police, unidentified armed men attacked on duty police officers at the station in the early hours of Tuesday.During the attack, the suspects stole 14 riffles, five pistols and an undisclosed number of ammunition.Although unconfirmed, it is alleged that the suspects were just carrying knives and axes, which they used to scare the men and women in uniform before they took them hostage to help themselves to...

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