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Budget Speech Update
The Ministry of Health has been allocated the fourth largest share of the proposed budget, amounting to P7.51 billion,a 16.4% decline compared to the current year’s approved budget.
4 months ago | [YT] | 7
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BW News Hub
Budget Speech Update
“The Ministry of State President, Defence and Security will receive the largest share of the recurrent budget at P13.05 billion,” - Ndaba Gaolathe
4 months ago | [YT] | 2
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Budget Speech Update
Finance Minister Ndaba Gaolathe says the 2024/25 fiscal deficit is now estimated at P19 billion (7.25% of GDP), down from the earlier projection of P24.7 billion. The improvement reflects stronger fiscal management and spending discipline.
4 months ago | [YT] | 0
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Budget Speech Update
Minister speaker Botswana invests 7.1% of GDP in education, among the highest in the region for upper middle-income countries, Finance Minister Ndaba Gaolathe said. However, he warned that education outcomes have not kept pace with this investment, creating an efficiency gap that suppresses labor productivity and poses a challenge for the country’s long-term growth.
4 months ago | [YT] | 0
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Budget Speech Update
Minister speaker Botswana is turning agriculture into global opportunity! Through 26 BTEP projects, farms, crops, and livestock are being transformed into competitive exports in meat, horticulture, and high-value crops.
4 months ago | [YT] | 4
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Budget Speech Update
Mr. Speaker, in the previous budget, we committed to establishing a local commodity trading platform as a key intervention to ensure fair and transparent pricing for agricultural produce. Since that announcement, substantial groundwork has been undertaken to transform this commitment into a viable and credible market institution.
In this regard, during the 2026–27 financial year, government will launch the Botswana Mercantile Exchange (BMX) as a strategic policy instrument to support economic diversification. The BMX will introduce an organized, market-driven pricing mechanism for commodities such as sorghum and meat, aligning domestic prices with international benchmarks, Minister of Finance Gaolathe
4 months ago | [YT] | 3
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Budget Speech Update
The Botswana Transformational Agenda Programme (BTAP) has identified 186 projects and initiatives across six economic priorities agriculture, manufacturing, financial services and digitalization, infrastructure, tourism, and energy and mining as well as three social sectors: healthcare, education, and social protection. The programme has established a specific “true north” for each sector and has the potential to unlock over P500 billion in cumulative investments, create more than 512,000 jobs, and transition Botswana towards a high-income, export-driven, and digitally enabled economy by 2036," Minister of Finance Gaolathe
4 months ago | [YT] | 0
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Budget Speech Update
The suspension and centralisation of Government Purchase Orders (GPOs) has significantly reduced government spending. Monthly expenditure dropped from about P1.14 billion to P584 million, a 49% reduction, curbing non-essential procurement and fiscal leakages.
4 months ago | [YT] | 1
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Budget Speech Update
Government’s national e-procurement system is expected to be fully operational before the end of the 2026/27 financial year. The digital system is set to improve transparency, efficiency and value for money across public procurement.
4 months ago | [YT] | 1
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Budget Speech Update
A new blending and filling laboratory at the Botswana Vaccine Institute (BVI) is under development and is expected to be completed in the 2026/27 financial year. The investment will increase vaccine production capacity, ensure compliance with good manufacturing practices and strengthen regional vaccine supply chains.
4 months ago | [YT] | 0
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