In the poetic spirit of Hughes, the question of what happens to a dream deferred finds resonance in Botswana’s ongoing struggle for a balanced budget amid economic challenges. As the nation prepares for the end of a two year transitional development plan and the beginning of the 12th National Development Plan next year, the dream of financial equilibrium seems deferred, prompting contemplation on whether it will wither like a raisin in the sun or explode with urgency.
One thing for sure, Serame’s historic appointment in 2021 has not yet shielded Botswana from grappling with stubborn budget deficits. The country’s budgetary struggles trace back to the onset of the National Development Plan 11 (NDP 11), marked by challenges in the diamond industry. The industry, a vital economic pillar, only began recovering momentum in 2021, reaching its zenith in 2022. Over the years, the country has faced budgetary imbalances, with deficits of varying magnitudes.
There's more to this story
But to keep reading, we need you to subscribe.
Investigative journalism is an indispensable part of a healthy society, but it's also expensive to produce. We are reliant on subscriptions to fund our work, and while you can enjoy most of our stories for free, a small number of premium features are reserved for subscribers.
You can subscribe for one week, a month or a full year - the choice is yours.
Save 77% on an annual subscription. Click here to find out how.
Existing subscribers can log in to keep reading here.