Thursday, July 22, 2010

Bidpa responds to national budget

BIDAPA has issued a Budget Briefing which discusses the 2010/11 budget outcomes, and also highlights the implications of the propsed budget from an analytical and policy perspective. The Briefing highlights the challenges that the economy faces and underscores issues where the focus of policy should remain in view of those challenges. Botswana’s fiscal position, the economy’s credit ratings and investment opportunities in the wake of budgetary limitations are also discussed.. The Briefing also discusses 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. Other issues that are given attention in the budget discussion in this issue are the possible effect of the proposed VAT changes on the consumers, the broader economy as well as the proposed policy strategies.This issue further highlights other areas for policy focus in the transformation of the economy in line with the proposed budget theme, and the prevailing socio-economic challenges. Click here to read more.

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