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BoB’s voice in the wilderness hits home

Watching the numbers: Pelaelo PIC: PHATSIMO KAPENG
Watching the numbers: Pelaelo PIC: PHATSIMO KAPENG

For years, the Bank of Botswana has been warning about fiscal sustainability and the need for urgent reforms such as streamlining subsidies and broadening the tax base. Experts there say with the current level of spending, revenues and government’s savings, any new economic shock would cause a crisis. Staff Writer, MBONGENI MGUNI reports

Each year, the Bank of Botswana (BoB) carefully selects a theme topic for its annual report and for several years, the central bank has hammered home the ever increasing need to change the direction of the country’s economy.

The BoB is government’s economic advisor, an army of the country’s finest economic minds, highly trained in specialised and emerging subjects who spend their time analysing the risks and opportunities facing the country’s books.

Editor's Comment
Public servants deserve better than union infighting

‘The strongest bond of human sympathy outside the family relation should be one uniting working people of all nations and tongues and kindreds’.- Abraham LincolnUntil then, the Council’s operations remain suspended, delaying critical decisions affecting thousands of public sector employees.The current standoff is between the Manual Workers Union on one side and the Six Cooperating Trade Unions, namely BONU, BOPEU, BTU, BDU, BOSETU and...

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