Phase out subsidies, extend tax base, BoB urges gov't

Friday, May 24, 2019

The Bank of Botswana (BoB), government’s chief economic policy adviser, says subsidies on food, fuel, education and other items need to be gradually phased out, while tax coverage should be broadened, in order to maximum resources for infrastructure development.

On Monday, central bank governor, Moses Pelaelo and his executives gave an economic brief to President Mokgweetsi Masisi and his Cabinet, which various sources say was ‘well received’ by politicians.

At the briefing, BoB experts presented a paper on funding options for the country’s industrialisation and transition into a high-income economy.

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Phase out subsidies, extend tax base, BoB urges gov't

The Bank of Botswana (BoB), government’s chief economic policy adviser, says subsidies on food, fuel, education and other items need to be gradually phased out, while tax coverage should be broadened, in order to maximum resources for infrastructure development.

Athletics likely to go solo at Olympics

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Kwa Nokeng Oil sponsors young biker with P120,000

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