Botswana Technical Assistance Report Introducing A Medium Term Expenditure Framework

Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
ISBN: 1498382444
Size: 20.43 MB
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This Technical Assistance Report focuses on Botswana’s Medium-term Expenditure Framework (MTEF). The Government of Botswana has committed to introduce the MTEF by 2016. The MTEF will provide a more explicit linkage between National Development Plan priorities and budget allocations by adopting a medium-term budgeting horizon. An MTEF model based on a binding nominal expenditure ceiling covering 100 percent of government expenditure is appropriate. To support the commitment to the resource allocations approved under the MTEF, a number of prioritization, control, and accountability arrangements need to be put in place.

Botswana 2014 Article Iv Consultation Staff Report And Press Release

Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1498398642
Size: 27.44 MB
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KEY ISSUES Setting: The seeds of good governance and prudent macroeconomic and natural resources management planted by the Botswana authorities paid off with an impressive increase in the GDP per capita during the last three decades. However, as in many other small middle-income countries (SMICs) in the region, trend growth has softened in recent years, reflecting the decline in the contribution of total factor productivity (TFP) to growth which calls for policies to reduce structural bottlenecks in the economy. Current conditions and outlook: Botswana’s economy remains broadly internally and externally balanced and the authorities’ near-term macroeconomic policy mix is appropriate. Output growth is expected to slowdown in 2014 reflecting partly weaknesses in the non-mineral sector, while inflation is expected to remain within the Bank of Botswana’s (BoB) medium-term objective range of 3-6 percent. Fiscal policy: Staff supports the FY2014/15 budget, which reins in unproductive current spending, while protecting growth-promoting capital spending. Achieving medium-term fiscal consolidation objectives adopted in the budget, would require articulating concrete measures to reduce the wage bill relative to GDP and broaden the revenue base. Financial sector development: Botswana’s banking system is well-capitalized and profitable with relatively low nonperforming loans. Although from a low base, credit growth to households continues to expand at a high rate, which poses potential vulnerabilities for the financial sector. Thus, staff recommends that macro prudential measures be considered to temper the rate of growth of household borrowing. In this context, staff welcomes the government’s emphasis on enhancing greater financial deepening and inclusion, while preserving the stability of the financial system. Reinvigorating growth: Returning to an era of strong growth and accelerating Botswana’s convergence to higher income levels would require policies to reinvigorate TFP growth. These include improving the quality of public spending, notably in public investment projects and education to ensure the transformation of diamond wealth into sustainable assets. The authorities’ efforts to improve the country’s competitiveness, including through reducing the regulatory burden on firms, is also welcomed. Past advice: There is broad agreement between the Fund and the authorities on the macroeconomic policy stance and structural reform policy priorities. Consistent with staff’s advice, the FY 2014/15 budget outlined a framework to reduce the burden of loss- making state-owned enterprises on fiscal resources and propel them toward commercial viability. Furthermore, the budget includes medium-term projections of government accounts, as recommended by staff during past consultations. However, progress towards reducing the wage bill relative to GDP remains modest.


Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1455295973
Size: 20.47 MB
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The economy entered the crisis from a position of considerable strength because of past prudent macroeconomic management. Macroeconomic policies are being appropriately redirected away from short-term demand management toward medium-term considerations. Fiscal policy was strongly countercyclical during the past two years as the government ramped up spending despite a drop in revenues. The framework for managing the government’s assets and liabilities needs strengthening to cope with a more challenging fiscal environment. The authorities agreed that their development model would need to change.

Gender Budgets Make More Cents

Author: Debbie Budlender
Publisher: Commonwealth Secretariat
ISBN: 9780850927344
Size: 47.67 MB
Format: PDF
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Gender Budgets Make More Cents documents ‘good practice’ in gender budget work from across the globe. Practitioners share their first-hand experiences and in-depth knowledge of the why, where and how of gender responsive budget (GRB) initiatives. They reflect on both the challenges and successes of initiatives in the Andean region, Australia, Korea, Mexico, the Philippines, Rwanda, Scotland, South Africa and the United Kingdom. A chapter on the Commonwealth Secretariat’s involvement in developing and implementing GRB initiatives is also included to suggest the role that can be played by external agencies at the national, regional and international level.This book builds on a previous publication, Gender Budgets Make Cents, which was designed to provide a comprehensive understanding of GRB initiatives. It described the conceptual framework, evolution of the work and lessons learned, and provided brief summaries of country initiatives. Together, these titles show the importance of integrating a gender perspective into government budgets to promote equality between women and men.It is hoped that this book will be read by a wide range of people from government, multilateral and bilateral agencies and civil society, and inspire them to take forward gender budget work in their own country and organisation.

Foreign Aid In Africa

Author: Jerker Carlsson
Publisher: Nordic Africa Institute
ISBN: 9789171064141
Size: 42.65 MB
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This volume reports on the findings of an international research project on aid effectiveness in Africa. Field studies were conducted in Botswana, Burkina Faso, Ghana, Kenya, Senegal, Tanzania and Zambia and the findings show that Africa??'s economic crisis has had a devastating effect on aid effectiveness and that too often donors dominate aid decisions, leaving governments without any sense of ownership over their own development efforts. The conclusion is that aid to Africa will have to develop more effective public institutions that fully take charge of the development process.