In other countries, a vibrant and highly liquid government securities market provides 6  a source of funding for government spending, including local authorities and other public sector entities. This option is  currently limited in Botswana and, therefore, its development offers a viable avenue for cost-effective domestic resource mobilisation for long-term investment and funding of government projects.
Additionally, a number of econometric time series models with little explicit economic content are used for short-term forecasting, as they can be used to employ higher-frequency data and different datasets than the traditional macroeconometric or DSGE models. Finally, ‘judgement’ in terms of outside-model information is additionally used. How are these forecasts used in practice?