Gov’t, BoB agree P15bn borrowing for 2024

At the helm: Serame expects a budget shortfall of more than P8 billion for 2024–2025. The minister is hoping for a surplus in the next financial year PIC: MORERI SEJAKGOMO
At the helm: Serame expects a budget shortfall of more than P8 billion for 2024–2025. The minister is hoping for a surplus in the next financial year PIC: MORERI SEJAKGOMO

The Bank of Botswana (BoB) plans to raise P15.25 billion from the capital market this financial year on behalf of government, a fundraising effort needed to plug the budget deficit and other gaps.

According to the borrowing strategy document for 2024–2025 released earlier this week, the central bank will step up its efforts for government in light of the greater funding requirement by the state.

By comparison, the BoB was authorised to raise P7.05 billion for government in the 2023–2024 financial year, or less than half the target for the current financial year.


Editor's Comment
Let’s stand against the menace of ‘CAT’

Methcathinone’s addictive grip is tightening, and its consequences are devastating. Lives are being ruined, families torn apart, and futures dashed by its destructive power. The drug’s allure knows no bounds, with various methods of ingestion making it accessible to users of all preferences.Whether it’s snorted, smoked, injected, or taken orally, the outcome is the same: a path of ruin and despair. It is time for action. The government,...

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