Govt targets 6% budget deficit

Friday, October 29, 2010

Government is targeting to cut the national budget deficit to P6 billion in the next financial year (2011/12) from this year's estimated P12 billion as it aims to achieve a balanced budget in the next two years.

The cut translates into six percent of GDP.

After posting deficits since 2008 due to the global economic crisis, Botswana now aims to match its revenues with expenditure by the financial year 2012/13

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Govt targets 6% budget deficit

Government is targeting to cut the national budget deficit to P6 billion in the next financial year (2011/12) from this year's estimated P12 billion as it aims to achieve a balanced budget in the next two years.