Botswana faces tighter fiscal space, weaker buffers
Tuesday, February 03, 2026 | 0 Views |
Gaolathe. PIC PHATSIMO KAPENG
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.
As such, we are now one step away from the shame of being labelled amongst the world’s worst offenders. This is a national embarrassment that demands an immediate, united response from every corner of our society. Pointing fingers is useless, we must all hold up our hands and play our part in the dealing with this matter.To our government and the Botswana National Sports Commission (BNSC), the call is for the to adopt decisive leadership and...