Time to stitch up a tattered fiscus
Friday, July 19, 2024 | 240 Views |
![Balancing act: Serame is hoping to balance an expansionary budget with economic traction](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/mmegi/uploads/images/2024/07/19/114737.jpg&w=800&q=72&f=jpg)
Balancing act: Serame is hoping to balance an expansionary budget with economic traction
A recent country report from the International Monetary Fund (IMF) forecasts that Botswana’s economy will face a growth deceleration this year, growing by only one percent compared to a previous estimate of 3.6 percent. This is mainly due to declining mineral revenues, particularly in the diamond sector.
“Botswana’s economic growth decelerated from 5.5 percent in 2022 to 2.7 percent in 2023, below the long-run potential growth of four percent,” said an IMF team in a report after a visit to the country.
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...