Tax base needs to expand – FNBB

Speaking during the First National Bank Botswana's (FNBB) annual Budget Review Seminar on Tuesday, the bank's economist, Gomolemo Basele, stressed the importance of creating a buffer against any volatility in mineral revenues, noting that diversification efforts also need to be ramped up to broaden the local tax base.

"As the country approaches the start of National Development Plan 12, government will have to contend with key issues as part of its efforts to promote fiscal sustainability," he said.