Public Management

Botswana forecasts economy slowdown to 4.2% in 2019

Botswana forecasts economy slowdown to 4.2% in 2019
Tuesday, 05 February 2019 17:34

This year, Botswana’s economy will drop from 4.5% (in 2018) to 4.2%, according to Kenneth Matambo (photo), the country’s finance minister. 

“The slower economic growth means less revenues will be realized and this calls for expenditure control for the country to remain on path to fiscal sustainability”, the minister said to parliament according to statement reported by Reuters.

The official also informed that the deficit should be around 3.5% of GDP representing a 1% decrease on a year-to-year basis.

The mining sector remains the leading revenue generator for the country with 36.5 of overall revenue. During the 2019/2020 fiscal year, Botswana’s expenditures will be 67.54 billion pula ($6.5 billion). Let’s note that during the said fiscal year, a measure aimed at raising civil servants’ salaries by 6%-10% (depending on the categories) will be implemented.

Aaron Akinocho

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
The Central Bank of Nigeria issued 82 final currency exchanges offices licences after revoking more than 4,000 non-compliant ones in 2024. The...
Egypt’s NBE secures $100M EBRD loan to boost MSME financing Funds target youth- and women-led businesses to support private sector growth EBRD...
ASA-CI proposes mandatory supplementary pensions for private-sector workers in Côte d’Ivoire Life-insurance penetration remains low at 0.6% of GDP in...
Rwanda introduced eKash to enable instant, mobile-accessible, and interoperable transactions across banks, mobile money, SACCOs, and...
Most Read
01

Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...

Cameroon: State Owned Telecommunication Company To Enter Mobile Money Market
02

Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...

AfDB Re-engages Eritrea With Strategy Focused on Infrastructure, Climate Resilience and Regional Integration
03

Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...

Malawi: New $100M Cement Plant Targets Forex Crisis but Faces Energy Reality
04

Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...

Nigeria Pursues Boeing, Cranfield Partnership to Establish Aircraft Maintenance Center
05

West African universities met in Dakar to address youth employment Delegates drafted a 10-15 ...

West African Universities Draft Long-Term Training Plan to Meet Labor-Market Needs
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.