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Drop in SACU revenue leads to budget deficit

Drop in SACU revenue leads to budget deficit
FINANCE MINISTER: Peggy Serame

A sharp drop in Southern African Customs Union (SACU) revenue will see Botswana recording a massive P8.50 billion in the budget deficit for the next financial year.

This is according to the 2022 Budget Strategy Paper (BSP) prepared by the Ministry of Finance and Economic Development.

The BSP serves as a precursor of upcoming government financial years and makes projections on budgets taking into consideration prevailing conditions.

The 2022/2023 fiscal deficit is anticipated to reach P8.50 billion or 4.0 percent of GDP, compared to P7.22billion or 3.7 percent of GDP in 2021/2022.

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