Botswana’s rising government debt

Balancing act: Serame’s inflation relief was necessary but is expected to widen the budget deficit and require further funding PIC: MORERI SEJAKGOMO
Balancing act: Serame’s inflation relief was necessary but is expected to widen the budget deficit and require further funding PIC: MORERI SEJAKGOMO

The country's national debt rises year-on-year with 2021 closing off at $3.5 billion (approximately P38 billion), a cumulative rise of 0.5 percent from 2020.

This is estimated around the same levels ten years back although it had been brought down over the years as a percentage of the Gross Domestic Product (GDP). Does this development raise any eyebrows?

Many may wonder what has contributed to these significantly high levels of debt and if this is sustainable in the long term. Can the economy survive in the wake of another global recession or global crisis?

Editor's Comment
Urgent call: Stop the killing!

The previous week, we had an article about a police officer shooting his wife, and turning the gun on himself, whilst he died, his wife survived and is still in the hospital.Sadly that was not the only article we carried on intimate partner killings. There was the Francistown case, where a young woman allegedly stabbed her ‘former boyfriend’ and many others which were reported throughout the week.As all the reports were coming in, a Botswana...

Have a Story? Send Us a tip
arrow up