Botswana is starring down a massive economic hit as soaring global fuel prices threaten to burn a P8.5 billion hole in the country’s finances.
A fresh warning from Econsult Botswana reveals that if international fuel prices jump by 50% and stay there for a year, Botswana could be forced to cough up an extra P8.5 billion just to keep the lights on and vehicles on the road. That is a staggering 3% of the entire economy wiped out by fuel costs alone.
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