Surge in Botswana share of SACU revenues

In its latest annual report, the Botswana Unified Revenue Services (BURS) says that SACU receipts for the 2012-2013 financial years surprised the market when they registered a huge increase of P5.8 billion, from P8.4 billion. This reflects a 68.7 percent increase from the previous period.

BURS commissioner general, Ken Morris stated that Botswana’s share from the common revenue pool remains a major revenue source for the national economy. He noted that the rise in the receipts was due to an increase in the members’ shares as an adjustment to account for the surplus in the common revenue pool, which was realised in the previous financial year.