Gov’t bond issuance ceiling raised to P55bn
Friday, March 22, 2024 | 340 Views |
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.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...