The government may have depleted its savings than initially feared as details emerge that its financial position is in disarray as the country is facing a burgeoning “public financial wealth” crisis with “reserves declining sharply.”
Fresh details have emerged in a new report released by the International Monetary Fund (IMF) this week, confirming fears that the government is facing a cash crunch.
The assessment of Botswana’s public finances shows that “Over time, the government has implemented several fiscal rules to preserve fiscal discipline and generate public savings out of mining revenues.”
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