Business Botswana Gives Budget Speech Thumbs Up
Monday, February 11, 2019
According to the organisation, in a challenging revenue environment, spending increases are modest and as a result the budget entails a manageable deficit.
“We do not expect the budget to be inflationary. The deficit also provides an opportunity for the government to issue bonds especially in the current low interest environment. Domestic institutions have funds that are available to invest in government bonds,” said BB
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...