Gov't seeks to borrow P1.3bn from capital market

Friday, February 21, 2020

Finance Minister, Thapelo Matsheka PIC: MORERI SEJAKGOMO

Government is due back in the capital market on February 28, seeking P1.3 billion via the auction of a six-month treasury bill and three bonds, BusinessWeek has learnt.

The government, through Bank of Botswana (BoB), borrows quarterly from the local capital market mainly to develop the domestic market’s capacity, but also to fund gaps in the national budget.

For the 2019-2020 fiscal year, government’s projected deficit of P7.93 billion is being financed by drawdowns from the reserves managed by the BoB and quarterly borrowings from the capital market.

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Gov't seeks to borrow P1.3bn from capital market

Government is due back in the capital market on February 28, seeking P1.3 billion via the auction of a six-month treasury bill and three bonds, BusinessWeek has learnt.

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Inspect the voters' roll!