Inside Boko's briefcase

Thursday, February 05, 2015

Leader of Opposition Duma Boko has warned that failure to make inflationary adjustments to civil servants salaries for five years has been tragic in that it has resulted in a huge decline in economic activity, impacting negatively on every sector of the economy. He said government employees are the largest spenders in the economy, hence, if they do not spend, the economy will not grow.

Leader of Opposition, Duma Boko of the Umbrella for Democratic Change (UDC) has urged Bank of Botswana (BoB) to be firm with commercial banks.

Responding to the Budget Speech yesterday, he said that while it is commendable that BoB has managed to control inflation to foster economic growth, it has failed to rein in commercial banks.

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