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Parly endorses economic transformation programme

Parliament PIC: MORERI SEJAKGOMO
Parliament PIC: MORERI SEJAKGOMO

Members of Parliament (MPs) have collectively approved a motion tabled by the Minister of Finance, Ndaba Gaolathe, seeking Parliament’s endorsement of the Botswana Economic Transformation Programme (BETP) as the national framework for driving the country’s economic transformation agenda.

Presenting the motion, Gaolathe said Botswana’s historic economic success, anchored on diamond revenues, had delivered stability and prosperity over the decades, but also exposed structural weaknesses such as limited economic diversification, high unemployment, poverty, inequality, and fiscal pressures now threatening sustainable growth.

He stressed that Botswana has never lacked sound policies or well-crafted development plans, but rather struggles with implementation.

Editor's Comment
Consult, get buy-ins first for 6 to 6 policy, Hon Minister

While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...

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