Inside govt’s spending cuts

The moves come as fiscal authorities fight to trim the budget deficit, in order to slow down the pace of government borrowing and avoid a debt free-fall which would push the economy into a crisis. At the last count, public debt was measured at P92.7 billion, a number expected to rise beyond P100 billion by the end of the financial year, or about 44% of Gross Domestic Product (GDP). While the government can borrow up to 60% of GDP after securing Parliament approval last year, Finance Ministry authorities and experts at the World Bank have warned that the slow pace of economic growth and uncertainty in diamonds could trigger a debt crisis.

“Desperate people do desperate things”– Michael BrooksHowever, this desperate pursuit of employment comes with its own negative outcomes. Therefore, Batswana must guard against becoming easy targets for human traffickers, labour exploiters and other transnational criminal networks that prey on vulnerable job seekers.Numbers don’t lie. The recent revelation by the Botswana Police Service that 22 Batswana have been reported missing after…