Gov't isn't broke, Gaolathe assures Batswana

Speaking in Parliament recently, Gaolathe who also doubles as Finance minister, said at a national economic level the economy continues to operate smoothly supported by a stable macroeconomic and financial environment. "It is important to acknowledge that the revenue has been declining and this has affected the buffers and government operations," he revealed.

The minister was responding to a question from Maun West legislator, Caterpillar Hikuama, who had asked about the performance of the economy and state of finances. Gaolathe, whose party won the 2024 General Election last month, was also quick to admit that the country has stringent cash conditions. He, however, assured Batswana that the fundamentals from which they can build a deep and robust economy are there. Gaolathe further admitted that they have some temporary cash flow problems and that in the long run, the government will hit the ground running.