BW 2020/2021 Budget Speech Special Edition
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ebruary is a crucial month in Botswana's
financial calendar, not because of Valentine's Day or Black History month in the United States of America but the delivery of the ministerial budget speech which will set the tone of the direction of key economic developments and policies for the citizens and residents of Botswana in the 2020/2021 financial year. Unlike father Christmas who delivers presents all over the world on a sleigh, the iconic delivery of the budget speech is a caricature of a well tailored suit donned finance minister carrying a classical black suitcase ready to divide the ministerial budget pie. 2020 has been locally declared 20-plenty thus there is a lot of expectation and pressure for the new face at the helm of the finance ministry to deliver a budget that will ease worry and ignite hope to the masses who are thirsty for solutions for the pressing issues affecting the economy. The budget speech comes at the backdrop of the just ended meeting of the great minds and well funded stakeholders " World Economic Forum's 50th Annual Meeting" in Davos, where Botswana's Presidential delegate was in attendance for the second time in a row.
I n t r o d u c t i o n | Pa g e 2 The 50th Annual Meeting Manifesto defines the purpose of a company as an engagement of all stakeholders in a shared and sustained value creation, that extend beyond the company but all its stakeholders; employees, customers, suppliers, local communities and society at large. As a result, citizens and residents of Botswana are anticipating that the budget speech will cater for all stakeholders taking into consideration number 1 pressing issue, lack of job creation across diverse economic sectors. Statistics of Botswana youth unemployment rate of over 20% will be the grey cloud hovering over the 2020/2021 budget. As the oldest of Generation Z, which refers to the generation that was born between 1996 to 2010 enters the workforce in 2020, there is a dire need to alleviate the employment crisis and find ways to enable business friendly environment that will create sustainable employment for the new entries and those still on the unemployment register. On this special edition, our Research & Analytics Team zoom in on the 2020/2021 budget speech to discover and unlock the direction that this new administration is embarking on. We will provide insights on job creation, why previous year budget deficit calls for austerity measures, why deregulation is key to good business environment and why indigenous people are the missing voice in the climate change dialogue.
Founder & CEO-Lindiwe Mafavuneh LCM Capital