Macroeconomic Forecast Botswana

BMI View: We are forecasting Botswana's budget deficit to narrow to 5.6% of GDP in FY2011/12 and 4.4% in FY2012/13, representing an improvement from the 6.4% deficit recorded in FY2010/11. However, the finance ministry's plans to reach fiscal balance by 2013 are overambitious, particularly as recurrent spending is proving difficult to control.

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