Top economic events to watch for in 2024

Head on: Botswana is unrelenting in its position that the horticultural import ban is required to boost local production and self-sufficiency PIC: MORERI SEJAKGOMO
Head on: Botswana is unrelenting in its position that the horticultural import ban is required to boost local production and self-sufficiency PIC: MORERI SEJAKGOMO

The P10 billion cumulative trade deficit seen over September and October, points to the collapse of diamond exports and by extension, the pressure the 2023-24 budget is under. However, besides the fiscus, there are several other hotspots to watch for in the economy this year. Staff Writers, MBONGENI MGUNI, PAULINE DIKUELO & TIMOTHY LEWANIKA report

The trade deficits reported for September and October last year, which are the last available official figures from Statistics Botswana, indicate a collective shortfall of P10.1 billion. Between both months, the single biggest factor has been the collapse in diamond exports, which fell from P5.2 billion in August to P2.5 billion in September and then P1.3 billion in October.

The economy’s principle commodity and traditional revenue anchor endured a trying 2023, as reflected in the trade balance figures. Consequently, a major knock is expected across other fiscal metrics, but the economy holds the promise of many other events worth following.


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