Dark clouds gather

Friday, November 29, 2019

President Mokgweetsi Masisi PIC: MORERI SEJAKGOMO

The Finance Ministry is proposing some tough measures to get the country’s budget back on track, as the latest forecasts show that the last three years of NDP 11 will suffer a cumulative deficit of P11.1 billion, while the fiscal reserves government has previously relied on for support may not be able to help.

The proposals, as contained in the draft mid-term review of the NDP 11 circulated yesterday, are due to go before Cabinet before being laid out before parliamentarians next year.

The revised forecasts in the draft indicate that the cumulative deficits in the six years of NDP 11, which ends in March 2023, will amount to P18.8 billion.

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