Gov't approaches local market for P1.8bn borrowings

Reaching out: Matsheka plans to look domestically for most of his borrowings this year PIC: MORERI SEJAKGOMO
Reaching out: Matsheka plans to look domestically for most of his borrowings this year PIC: MORERI SEJAKGOMO

Government, through the Bank of Botswana (BoB), returns to the market next week seeking P1.85 billion from the domestic lenders, the largest amount it has pursued since September 2011.

The higher offer of bonds and a treasury bill by government is in line with government’s stated plan to focus on domestic sources to fund its P10.8 billion deficit for the 2020/21 budget.

The government, through the BoB, borrows quarterly from the local capital market mainly to develop the local market’s capacity, but increasingly to fund gaps in the national budget.

Editor's Comment
Closure as pain lingers

March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...

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