Foreign exchange reserves safe - Khama

Opening Parliament, Khama said the global financial turmoil would not lead to major changes in the government budget.

"Our own financial sector remains strong and it has not yet been much affected by the credit crunch. Our foreign exchange reserves have also not been compromised and they can cushion any immediate impact on our balance of payments," the President said.
"Due to past savings, government spending can be sustained in the face of any short-term revenue downturn," he said.