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.
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
In an interview on the sidelines of the inaugural Budget Pitso in Gaborone yesterday, the Secretary for Economic and Financial Policy Dr Taufila Nyamadzabo said for the next budget, the government aims to have a ceiling of P6 billion in deficit as revenues improve and expenditure is curtailed. The next national budget will be announced by the Minister of Finance and Development Planning in [continue reading]