Botswana is confronting growing fiscal challenges as rising public debt, a widening budget deficit, and soaring household borrowing put increasing strain on the country’s economy. The nation’s heavy dependence on diamond revenues, primarily from Debswana, has left government finances vulnerable to global market swings, pushing the government to rely more on borrowing to fund its operations. This has tightened both public and household balance sheets, raising alarm among policymakers and international observers alike. Projections for...
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