This case study focuses on the preparation of adjusted macroeconomic indicators of Botswana. In particular, it applies the System of Environmental-Economic Accounting (SEEA) to derive measures of the national balance sheet (NBS), adjusted net national income (ANNI), and adjusted net national savings (ANNS), for the first time in Botswana. These measures incorporate various adjustments that focus on economic and environmental sustainability and take a broader perspective of wealth than conventional macroeconomic measures. In principle, the measures incorporate a range of environmental impacts of economic activity, as well as natural resource depletion, and a broader definition of investment than is normally incorporated into the standard national accounts measures in the System of National Accounts (SNA).
This report is linked to related assignments on mineral accounting and public finance, and focuses on the preparation of adjusted macroeconomic indicators. As this is the first time that such measures have been derived in Botswana, this report represents a “work-in-progress” rather than a final account. It provides the basis for future work in this area, which will require resolution of some methodological issues as well as filling data gaps.
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The mining sector continues to be the backbone of Botswana’s economy, despite efforts to diversify. Mining is still, by some measures, the largest contributor to gross domestic product (GDP), generates the majority of export earnings, and makes a major contribution to government revenues. The use of mineral revenues is, therefore...
