After three years of deficit budget, it is nice to note that the 2012-2013 budget shows a surplus and the revised 2011-2012 budget estimates a reduced deficit of P 3.76 billion. It could be argued that the balancing of budget comes through reduced spending and not through diversified revenue base; however, a surplus budget brings in a positive feel to the economy.
Government is giving a clear signal that they want the private sector to step up and partner with Government on their pursuit towards improving efficiency, creating employment opportunities and foster private sector growth. Human Resource Development Council (HRDC) and National Economic Diversification Council (NEDC) have a lot of responsibilities in terms of providing bold and strategic direction towards the skills development and diversification vision of Botswana. The effectiveness of this partnership is going to be a key factor towards achieving a diversified economy and sustained growth.
