Govt borrowing 'still within limits'

Wednesday, July 07, 2010

Government's debt is still within the statutory caps which limit it to borrowing within 20 percent of the Gross Domestic Product, the Assistant Finance Minister has said.

Answering a Parliamentary question on Monday, Charles Tibone said at present, government's external debts comprised P10.5 billion owed to the African Development Bank and P1.2 billion owed to the World Bank's International Bank for Reconstruction and Development (IBRD).

The African Development Bank loans are for budgetary support and the Pandamatenga Agricultural Infrastructure project.

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Govt borrowing 'still within limits'

Government's debt is still within the statutory caps which limit it to borrowing within 20 percent of the Gross Domestic Product, the Assistant Finance Minister has said.

BNSC powerless as fights escalate

Sportspersons flock to politics

Attention turns to relegation

Tlou wary of another near-miss

Softball team denied World Cup chance

Mabote seeks answers after squad omission

World Relays trip divides BAA

The plight of a rookie

Inspect the voters' roll!