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    Botswana’s women boxing on the rise 

    Boxers Finally Receive their Prize Money from 2022 African Championships

    Darts Expects Only P50K from BNSC for 2023/24

    Darts Expects Only P50K from BNSC for 2023/24

    Botswana athletes to train in USA

    Botswana athletes to train in USA

    Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

    Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

    Boxers yet to Receive Prizes from 2022 African Boxing Championships 

    Boxers yet to Receive Prizes from 2022 African Boxing Championships 

    April will see 2nd Instalment of Summer Kids Marathon

    April will see 2nd Instalment of Summer Kids Marathon

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      Botswana’s women boxing on the rise 

      Boxers Finally Receive their Prize Money from 2022 African Championships

      Darts Expects Only P50K from BNSC for 2023/24

      Darts Expects Only P50K from BNSC for 2023/24

      Botswana athletes to train in USA

      Botswana athletes to train in USA

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      April will see 2nd Instalment of Summer Kids Marathon

      April will see 2nd Instalment of Summer Kids Marathon

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      Budget deficit estimated to increase to P7.7bn

      mm by RMB Africa Research
      September 12, 2022
      in News
      Reading Time: 1 min read
      0
      Foreign contractors paid a whopping P2.7bn in five years

      GABORONE 7 February 2022, The minister of Finance and Economic Development Peggy Serame arriving to present the proposed budget for 2022/23 financial year to the National Assembly in Gaborone on 7 February 2022. Serame is the first female finance minister in the country to propose the national budget in the parliament. Serame is carrying a bag which is made in Botswana. (Pic: MONIRUL BHUIYAN/PRESS PHOTO)

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      Botswana’s Finance Ministry has forecast the budget deficit to widen after the government agreed to a P1.8bn (US$139m) relief plan to help millions of households struggling due to rising inflation.

      The deficit is estimated to increase to P7.7bn in the fiscal year through March 2023 from a previous estimate of P7bn due to an expected decline in some revenue items and higher expenditure. According to the Ministry, “higher borrowing costs will add to government spending and increase fiscal pressures when there is an urgent need to replenish the financial buffers.” Botswana last recorded a budget surplus in the fiscal year through 2017 and has since been running down its savings and ramping up domestic borrowings to cover its deficits.

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