Economic Diversification is Now

Economic Diversification is Now
Economic Diversification is Now

BOPEU have welcome the transformation agenda announced by the Minister of Finance Ms Peggy Serame  with regards to the budget allocation but  encouraged stringent accountability to projects for the country to increase the growth rate, boost job creation, improve productivity, and reduce poverty and income inequality during the last phase of NPD 11 and beyond.

Furthermore, it is our view that diversification and investment in labour intensive industries should be a priority to narrow the export base and curb the balance of payments deficits at the same time creating employment as well as opportunities for decent work for citizens.

“An emphasis for more rigorous and detailed audits of development projects, to address waste and corruption should be carried out as proposed by the Honourable Minister”,the Union cautioned.


Editor's Comment
Botswana at a critical juncture

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...

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