Legislator decries �unproductive� household debt
Tuesday, October 10, 2017
Speaking at the launch of a new financial literacy product by Liberty Life Botswana, dubbed ‘Mind My Money’, she said it is a great concern to government and partner entities that there is a notable increase in household indebtedness.
Kenewendo attributed this to living beyond means and wanting to fund lifestyles or projects that one cannot afford, and not utilising the appropriate financial instruments available in order to prepare for tomorrow today.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...