Mining slump sparks gov’t revenue debate
Friday, July 12, 2024 | 170 Views |
![Making decisions: The Ministry of Finance is keenly looking at numbers emerging from the mining sector](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/mmegi/uploads/images/2024/07/18/114580.jpg&w=800&q=72&f=jpg)
Making decisions: The Ministry of Finance is keenly looking at numbers emerging from the mining sector
According to the 2024/25 forecasts from the Finance Ministry, mineral revenues were expected to provide about 27% of budget revenues for the financial year, at an estimated P25.2 billion. Mineral revenues comprise taxes, royalties and dividends on the various mining and mining-related activities taking place in the country.
As with other years, diamond mining was expected to provide the bulk of these revenues, with fiscal authorities hoping that the sector would shrug off the deep slump seen in the second half of last year.
These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...