Reserves, bonds to fund 2015/16 deficit

Tuesday, September 15, 2015

The Ministry of Finance and Development Planning will finance this year’s projected P4.03 billion deficit by drawing down on government’s reserves and bond issuance, a senior official has revealed.

The deficit, which represents 2.6 percent of GDP, is the first in four years but secretary for economic and financial policy, Taufila Nyamadzabo said government would have no troubles funding the shortfall.

“We will draw down our reserves at the Bank of Botswana and we also have the bond issuance programme,” he told Mmegi Business at the budget pitso on Friday.

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Reserves, bonds to fund 2015/16 deficit

The Ministry of Finance and Development Planning will finance this year’s projected P4.03 billion deficit by drawing down on government’s reserves and bond issuance, a senior official has revealed.

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