Botswana’s rising government debt
Friday, October 28, 2022 | 970 Views |

Balancing act: Serame’s inflation relief was necessary but is expected to widen the budget deficit and require further funding PIC: MORERI SEJAKGOMO
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?
As the new Umbrella for Democratic Change (UDC) government takes charge, it must act decisively to equip the Directorate on Corruption and Economic Crime (DCEC) with the tools, laws, and resources needed to combat graft. The time for half-measures is over. DCEC Director-General, Botlhale Makgekgenene’s, recent address to the Public Accounts Committee paints a stark picture. Over five years, leadership instability, chronic underfunding and weak...