Gov’t bond issuance ceiling raised to P55bn :: Mmegi Online

Legislators on Tuesday evening approved an increase in the limit of the government bond programme from P30 billion to P55 billion, giving the Finance Ministry more room to raise debt locally and plug deficits after the previous limit was reached in February.

Government’s bond programme, also known as the domestic note issuance programme, allows the Bank of Botswana (BoB) to raise debt from the local capital market on behalf of government, through the issuance of treasury bills and bonds. In September 2020, Parliament increased this programme to P30 billion from P15 billion, acknowledging the effects of the COVID-19 pandemic on the budget.

On Tuesday, Finance Minister Peggy Serame said the P30 billion limit had been reached in February, necessitating the increase that would both fund budget deficits and help the development of the capital market.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Gov’t bond issuance ceiling raised to P55bn

Legislators on Tuesday evening approved an increase in the limit of the government bond programme from P30 billion to P55 billion, giving the Finance Ministry more room to raise debt locally and plug deficits after the previous limit was reached in February.

Explore

More

State wants protection for magistrate’s victims

Quali-Med Laboratories unveils new dawn in healthcare

Hosanna show showcases gospel potential

Shaba Stele in near-quit breakthrough

New season catches hat-trick fever

GU chase first three-peat in seven years

BAUSA mobilises diaspora for development

BERA warns on electricity licensing

Gov't must guard against cadre deployment