The World Bank has called on Botswana to cut civil service jobs and shrink government spending by reducing subsidies to parastatals like Botswana Power Corporation (BPC), as the country’s foreign currency inflows and fiscal revenues collapse.
“Immediate options for fiscal consolidation include reducing the public sector wage bill by setting a fiscal anchor linked to fiscal objectives (for example, setting the weight of the public wage bill as a share of expenditures, or GDP),” says the Bank.
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