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Botswana faces tighter fiscal space, weaker buffers

Gaolathe. PIC PHATSIMO KAPENG
Gaolathe. PIC PHATSIMO KAPENG

FRANCISTOWN: The Vice President of Botswana, Ndaba Gaolathe, has warned that the country faces tighter fiscal space, weaker buffers, and a narrow growth base that isn't translating into jobs and rising household incomes.

Speaking at the Budget Pitso, Gaolathe said Botswana's economic model, heavily reliant on diamonds and government intervention, can't sustain the country in the same way it has for decades.

Gaolathe highlighted global uncertainty, market volatility, and uneven growth as contributing factors. "The era of ample fiscal buffers, healthier reserves, and the confidence to design and fund reforms has passed," he said.

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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