Weakening fiscus expected to raise gov't debt appetite
Friday, November 24, 2023 | 250 Views |
![Batane Matekane PIC: KENNEDY RAMOKONE](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/mmegi/uploads/images/2023/11/24/93382.jpg&w=800&q=72&f=jpg)
Batane Matekane PIC: KENNEDY RAMOKONE
In their presentation of the budget statutory paper to Parliament members, officials disclosed that the expected high deficit for the 2024–2025 financial budget may lead to a reassessment of debt ceilings and an increased reliance on borrowing to finance budget shortfalls.
Batane Matekane, the director of Macroeconomic Policy at MOF, explained that the financial pressure from implementing government initiatives like the Transitional National Development Plan (TNDP) will create a significant gap between government earnings and budgetary costs, necessitating financing through borrowing.
These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...