Gov’t wants ‘five percent and above’ growth over NDP12

Hard grind: Going forward, the economy needs to grow by five percent and above to reach the Vision 2036 targets 
PIC: PHATSIMO KAPENG
Hard grind: Going forward, the economy needs to grow by five percent and above to reach the Vision 2036 targets PIC: PHATSIMO KAPENG

The Finance Ministry is targeting a growth rate of five percent and above over the National Development Plan (NDP) 12 period, which kicks off next April, even as its forecasts indicate average growth rates of between four and 4.2 percent over the period, BusinessWeek has established.

NDP12 will run until March 2029 and represents a crucial period for fiscal consolidation and acceleration of the country’s structural goals such as economic diversification and digital transformation as well as socio-economic aspirations around employment creation and inclusion.

According to Finance Ministry officials, the NDP12 growth target is in line with the country’s long-term vision of attaining high-income status by the end of 2036. The upcoming planning period is the second of the three NDPs that fall under Vision 2036, the transformational agenda government hopes will deliver an “export-led economy underpinned by diversified, inclusive, and sustainable growth”.

Editor's Comment
Happy Independence Day!

Independence Day holds immense significance for Batswana as a whole. It offers a moment for reflection and celebration of the country's achievements, while also prompting introspection.We must honestly assess whether the number of years of independence aligns with the progress we have made. While there is certainly much to celebrate, there are also pressing issues that require the attention of relevant stakeholders. Many Batswana are facing...

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