Gov’t bond issuance ceiling raised to P55bn

New heights: Serame said the proposed new debt ceiling could have been as high as P70bn, but this would have violated the borrowing limits and placed the fiscus in significant jeopardy PIC: MORERI SEJAKGOMO
New heights: Serame said the proposed new debt ceiling could have been as high as P70bn, but this would have violated the borrowing limits and placed the fiscus in significant jeopardy PIC: MORERI SEJAKGOMO

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.

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Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

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