Botswana Returns to Budget Surplus

Reuters reported Botswana is back to a budget surplus after three years of deficit, with growth expected to fall slightly in 2012.

As quoted in the market news:

The dampened growth outlook was due in part to continued uncertainty in diamond sales, which fell 70 percent from June to December, Matambo said. Diamonds and other mining accounts for 40 percent of the landlocked southern African nation’s output.

Click here to read the full Reuters report.