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Calls for resilient economy to absorb shocks
Minister Matsheka fears for worst in future
BAKANG TIRO
editors@thepatriot.co.bw
The Managing Partner at Grant Thornton Botswana Kalyanaraman Vijay says Botswana should fully explore the Public Private Partnerships (PPPs) to revitalise the economy devastated by Covid-19.
Vijay said it is visible from the budget speech that the economy has been adversely affected by the pandemic, leaving government with no option but to raise taxes and levies to raise funds.
According to him, it was inevitable that government would increase the taxes as the crucial sectors of economy that boosts government coffers in mining and tourism were in recession.
After a bruising 2020, huge taxes to impoverish ordinary citizens
Alcohol ban haunts government coffers
BAKANG TIRO
editors@thepatriot.co.bw
The Deputy Secretary General of Botswana Federation of Public, Private and Parastatal Workers Union (BOFEPUSU) Ketlhalefile Motshegwa said government intention to retrench workers is bad move.
Motshegwa said the pronouncement by Matsheka that 50% of government vacant posts will be scrapped off would result in a serious economic depression amidst higher unemployment level. He is worried that the country would be thrown deeper into economic depression adding that Botswana doesn’t have a large vibrant private sector that create jobs while government cannot.