Mmegi

Gov’t, BoB agree P15bn borrowing for 2024

Monday, April 22, 2024 | 1200 Views |

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.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Bank of Botswana

'I was deceived'

Larona Makhaiza | 8 h ago

Fierce battle looms in BPF Nata-Gweta primaries

Chakalisa Dube | 15 h ago

BPF to win all Serowe constituencies

Innocent Selatlhwa | 15 h ago

BDP councillor withdraws candidacy, decries voters roll manipulation

Tsaone Basimanebotlhe | 15 h ago

BDP primaries: More fireworks, twists and turns

Tsaone Basimanebotlhe,Goitsemodimo Kaelo | 15 h ago

Choppies' P1m Olympic incentive

Calistus Kolantsho | 17 h ago

Masole gears for third Chess Olympiad

Calistus Kolantsho | 18 h ago

Wildebeests on the cusp of rugby history

CALISTUS KOLANTSHO | 18 h ago

BDP primaries leave a lot to be desired

The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...

The Monitor Editor | 22 July 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

Gov’t, BoB agree P15bn borrowing for 2024

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.