• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Weak Diamond Sales Set to Widen Botswana Deficit to 6.7% of GDP

11 months ago
in Business, Features, highlights, Home, home-news, latest News, Mining
1 min read
0 0
0
42
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

ECG Grilled by PAC Over GHS 189m Budget Overruns

Why Nations That Bet on Renewables Will Win the Next Energy Era

Africa’s Fastest-Growing Economy Cuts Foreign Debt By 80%, Declares ‘Growth Without Loans’

Weak Diamond Sales Set to Widen Botswana Deficit to 6.7% of GDP

Botswana’s budget deficit for the current financial year will more than double to 18.6 billion pula ($1.4 billion), or 6.7% of gross domestic product, due to a sharp drop in diamond receipts, draft estimates from the Finance Ministry show.

In the February budget, it forecast the deficit for the year ending on March 31 at 8.7 billion pula, or 2.8% of GDP, with a record 102.3 billion pula in spending. Mineral revenues, which traditionally account for a third of the budget, are now expected to drop to 8.7 billion pula from the 25.2 billion pula projected back then.

The Ministry said additional spending controls are now needed, apart from measures to cut outlays announced in August.

While no plans were shared on how the wider deficit will be financed, the government has stepped up local market borrowing. The update also said that economic growth would be significantly lower than an earlier projection of 4.2%, without giving a fresh projection.

Newly-elected President Duma Boko has promised a government-wide forensic audit of spending under former President Mokgweetsi Masisi. Having swept to power last month, he is under pressure to deliver on electoral promises to increase pensions, student allowances and other social spending.

Source: bloomberg
Via: norvanreports
Tags: Diamond salesWeak Diamond Sales Set to Widen Botswana Deficit to 6.7% of GDP

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Gold Industry Sees Price Rising to Near $5,000/Oz Over 12 Months

Ghana Retains 6th Spot Among Africa’s Top Investment Destinations — RMB Report

Over 40% of Nigeria’s Informal Businesses Make Less Than $12 Daily

MTN Ghana’s Service Revenue Hits GHS 17.3bn, Driven by Data and Mobile Money Expansion

Ghana Stock Exchange Ends Tuesday Lower on Losses in Financial and Telecom Stocks

Norrie Stuns Alcaraz to End World Number One’s Winning Streak at Paris Masters

Trending

Features

ECG Grilled by PAC Over GHS 189m Budget Overruns

October 29, 2025

ECG Grilled by PAC Over GHS 189m Budget Overruns The Electricity Company of Ghana (ECG) has come...

Why Nations That Bet on Renewables Will Win the Next Energy Era

October 29, 2025

Africa’s Fastest-Growing Economy Cuts Foreign Debt By 80%, Declares ‘Growth Without Loans’

October 29, 2025

Gold Industry Sees Price Rising to Near $5,000/Oz Over 12 Months

October 29, 2025

Ghana Retains 6th Spot Among Africa’s Top Investment Destinations — RMB Report

October 29, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.