Analysts at a global investment managing firm, Ninety One, have dismissed the government’s projected revenue calling it ‘overly optimistic’.
Their analysis follows the Budget Speech presented by Minister of Finance and Economic Development, Peggy Serame last month.
Analysts at the firm, Leano Babitse and Onkabetse Tadubana, alongside Portfolio Manager, Pako Thupayagale say, given the inherent volatility in the commodity markets, Botswana government’s revenue projections are overly ambitious.
The budget deficit hit P16.4 billion or 9.4 percent of GDP in 2020/21 as revenue shortfalls we...
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