The budget panic focuses on the wrong numbers
Friday, August 30, 2024 | 530 Views |
No one who has been diligently following the fiscus for any reasonable amount of time, was taken aback by the screenshot that went viral on social media recently. The snapshot, taken from a recent economic update by Econsult, showed that the Government Investment Account (GIA), which represents government’s savings, had dropped from P19.1 billion in July 2023 to P5.1 billion in April 2024, “a drop of P14 billion in only nine months”.
“Clearly this rate of depletion is unsustainable,” researchers at Econsult, who include former deputy Bank of Botswana governor, Keith Jefferis, said in the update.
This is a significant moment for our democracy, and it is crucial that every eligible voter takes part in shaping the future of our nation. This is a call to action for all the registered voters and stakeholders to ensure a smooth and informed electoral process.First and foremost, if you are a registered voter, now it is the time to get ready. Ensure that you have your voter registration card and identity card (Omang) in order. If you have...