Monday, April 22, 2024

Botswana’s fiscal stability under threat as BURS collects below target  

Botswana continues to grapple with fiscal challenges as the Botswana Unified Revenue Service (BURS) reports a significant shortfall in tax revenue collection. As of February 15, 2024, tax revenue amounted to P42 billion, falling short of the targeted P59 billion.

Finance Minister Peggy Serame told Parliament this week that the lower tax revenue collection is as a result of an underperformance of income tax and customs receipts due to depressed mineral tax revenue and exchange rate losses as the Pula strengthened against South African Rand. 

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