Gov�t borrows P3bn from bond market

Friday, October 20, 2017

Matambo says budget deficits will be financed through domestic borrowings and drawing down on savings

Government has raised about P3 billion from the bond market this year, funds that are expected to be used to help plug the budget deficit.

A budget deficit of P6.5 billion is forecast for the current financial year up from P2.35 billion announced by Finance Minister, Kenneth Matambo in February.

With government having ruled out tax increases to finance the deficit, the shortfalls will likely be covered by a combination of borrowing on the domestic market as well as drawing down on the Pula Fund at the central bank.

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Gov�t borrows P3bn from bond market

Government has raised about P3 billion from the bond market this year, funds that are expected to be used to help plug the budget deficit.

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

MISA Botswana celebrates World Press Freedom day

Unlawful wounding turns to murder

Mahalapye suspected copper cable thief nabbed

TAFIC targets top four finish

Selefu

Selefu

Repatriation underway for seven SA Pilgrims

Stakeholders must step up veggie supply