This document supplements the 2020 Botswana Common Country Analysis (CCA). It therefore serves as an update to the 2020 CCA. It is the first in a series of short papers that shed light on Botswana’s development context, by focusing on the current development priorities as revealed through the most recent budget. Botswana’s critical and longstanding development challenges still stand, including poverty, social and economic inequality, and high unemployment, food insecurity, as well as the slow progress on the environment and climate change front. New challenges have also emerged, such as high inflation and the socio-economic impact of the Russia-Ukraine conflict. These emerging issues coupled with the lack of overall development progress have reinforced existing development deficits and has implications for SDG progress.