Botswana economy contracts due to COVID-19

The Botswana government says its economy is expected to contract by 13%. Finance minister Thapelo Matsheka says they had expected their economy to grow by 4%, but due to the coronavirus (COVID-19), that has adversely affected their economy, things have changed.

COVID-19 AFFECTS BOTSWANA’S ECONOMY

Minister of Finance and Economic Development Dr Thapelo Matsheka says Covid19 has affected Botswana’s economy. pic.twitter.com/bMD3pgKdIC

— Botswana Government (@BWGovernment) April 25, 2020

COVID19 BOTSWANA RESPONSE pic.twitter.com/jFMj8uV2Zf

— Botswana Government (@BWGovernment) April 25, 2020

Matsheka says Botswana government had projected 62.4 billion Pula, equivalent of over R90 Billion of revenue, but government will instead have 48 billion Pula, which is an equivalent of R74 Billion. As a result salary increases for public servants have been deferred.

COVID19 BOTSWANA RESPONSE pic.twitter.com/FHw4YduhJ4

— Botswana Government (@BWGovernment) April 25, 2020

COVID19 BOTSWANA RESPONSE pic.twitter.com/lGcyJkwHC8

— Botswana Government (@BWGovernment) April 25, 2020