Mmegi

A P24bn budget miscalculation

Friday, May 23, 2025 | 900 Views |

Missing the mark: Serame’s expected revenues were significantly off the actual outturn PIC: MORERI SEJAKGOMO

The 2024-25 budget missed its revenue forecast by P24.9bn, the biggest miscalculation ever. This year’s optimistic revenue target of P75.5bn, if reached, will be the highest ever but all signs are that another heavy miscalculation has been made, write TIMOTHY LEWANIKA & MBONGENI MGUNI

For the financial year 2024-2025 technocrats at the Ministry of Finance missed their revenue projections by P24.89 billion a staggering miss for people who live and breathe macroeconomic numbers for a living.

Preliminary figures shared by the Minister of Finance in February showed that the deficit shot above the forecast 3.2% of GDP to nine percent, another big jump in numbers that cast doubt over the work of the country’s technocrats or the political head honchos that are superiors to these technocrats.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

ECONOMY

Higher and higher: The cost of living remains at elevated levels due to the broader economic contraction PIC MORERI SEJAKGOMO

Food inflation slows but...

Mbongeni Mguni | 18 h ago

Former UB lecturer has a case to answer

Larona Makhaiza | 18 h ago

No BR procurement involving Project Office at OP

Goitsemodimo Kaelo | 1d ago

Gov't suppliers owed P3.6bn

Mpho Mokwape | 1d ago

Mabeo goes after ‘cyberbully’

Innocent Selatlhwa | 1d ago

Nephew arrested for allegedly killing Aunt in Tobane

Pini Bothoko | 1d ago

Pension funds back economic shift

Kabelo Boranabi | 1d ago

Choppies warns of profit dip as consumer spending drops

Lewanika Timothy | 1d ago

Use social media to build, not destro

It is a warning flare to every Motswana who logs onto social media. As a country, we have reached a point where the line between robust debate and outright destruction has become dangerously blurred. At face value, Mabeo’s response, which seeks an apology and threat of a defamation suit, might seem severe to some. But we cannot ignore the context. The comment in question did not offer a policy critique or question a political decision.It...

The Monitor Editor | 24 March 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More