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Botswana’s Finance Minister delivers 2020/21 Budget Speech

11 February 2020

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Tax Alerts, Legislation & Policy, Na...

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Botswana

The Honorable Dr. Thapelo Matsheka, Botswana’s Minister of Finance & Development, delivered the Budget Speech to Parliament on 3 February 2020. Highlights of the Budget speech, including a proposal to attract foreign direct investment, are discussed below.Economic highlightsGeneral commentsIn his maiden budget speech, the Minister announced that the new 2020/21 budget will focus on two major areas:Growing the economy and creating employmentSocial programs to sustain livelihoodsAccording to The Minister, the domestic economy growth rate is forecast to be 3.5% in 2019 and 4.4% in 2020 as compared to the global growth rate of 2.9% and 3.3% for 2019 and 2020 respectively....