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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
WUC must fix its pipes, not just say sorry

“Clean water, the essence of life and a birthright for everyone, must become available to all people now.”– Michel CousteauWe see notices for Block 6, Extension 11, Gaborone, Francistown; the list grows every week. It is good that WUC warns consumers, but so many warnings point to a deep problem. Water pipes are old and falling apart. And the people who pay the bills are the ones suffering.When a main pipe bursts, taps run dry. Families in...

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