International Monetary Fund / Fiscal Affairs Dept - 2014
EXECUTIVE SUMMARY The Government of Botswana has committed to introduce a Medium-Term Expenditure Framework (MTEF) by …+1), but which may be adjusted in the second out-year, in recognition of the volatility facing Botswana’s economy; and … credible macro-fiscal forecasts, which inform the setting of aggregate expenditure ceilings. Botswana is strengthening its …