Budget Briefing Analytical and Policy Perspective Special 2010/11
"In addition to discussing the outcomes of the 2010/11 budget, this Briefing highlights the implications of the proposed 2010/11 budget and its outcomes from an analytical and policy perspective. We highlight the challenges that the economy faces and underscore issues where the focus of policy should remain in view of those challenges. In this issue of the Briefing, we discuss the impact of the current tight fiscal position on Botswana’s fiscal position, highlighting how the economy’s credit ratings may be adversely affected by the budgetary limitations with implications for investment. We also give a discussion of the effects of a high public debt and deficit on future growth and why it is important for Botswana’s economic policy to continue to emphasize a low debt and low deficit stance and maintain fiscal prudence in its budgeting process."