Govt balance sheet P7.7 bn in the red

Friday, May 23, 2014

The Botswana government balance sheet currently stands at a negative P7.7 billion with its debts greater than its accumulated financial assets.

The situation, argues experts, exposes the country to financial shocks.

Latest figures availed by the Ministry of Finance and Development Planning, show that at the end of the 2012/13 financial year, Botswana had a net debt of P28.3 billion against cash balances of P20.6 billion leaving the country in a precarious negative net financial position.

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Govt balance sheet P7.7 bn in the red

The Botswana government balance sheet currently stands at a negative P7.7 billion with its debts greater than its accumulated financial assets.