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
Stay safe this holiday season

However, amidst the happiness, it is crucial to remember that the holidays can also bring unforeseen challenges. From increased traffic and travel hazards to heightened risks of accidents and social unrest, the festive period demands heightened awareness and responsible behaviour.Traffic congestion and accidents are a common occurrence during the holidays. With increased travel, roads become busier, leading to a higher risk of collisions. Alcohol...

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