Botswana’s economy is projected to expand at a faster pace

GABORONE, Feb 5 (Reuters) – Botswana’s economy is projected to expand at a faster pace this year compared to last year as the mining sector benefits from a recovery in the global economy, Finance Minister Kenneth Matambo said on Monday.

Presenting the 2018 budget to parliament, Matambo said GDP growth was projected at 5.3 percent in 2018 from an estimated 4.7 percent expansion in 2017.

Matambo said Botswana’s budget deficit was projected to widen to 3.59 billion pula ($372 million) or 1.8 percent of GDP in the 2018/19 fiscal year from an estimated deficit of 2.42 billion pula or 1.3 percent of GDP in the prior year.

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