Botswana : 2010 Article IV Consultation: Staff Report and Supplement; Public Information Notice on the Executive Board Discussion

The economy entered the crisis from a position of considerable strength because of past prudent macroeconomic management. Macroeconomic policies are being appropriately redirected away from short-term demand management toward medium-term considerations. Fiscal policy was strongly countercyclical during the past two years as the government ramped up spending despite a drop in revenues. The framework for managing the government's assets and liabilities needs strengthening to cope with a more challenging fiscal environment. The authorities agreed that their development model would need to change.
Publication date: September 2010
ISBN: 9781455206582
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budget , debt , interest , revenues , article

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