Govt fiscal reserves drop further

Thursday, January 14, 2021

Government reserves, which the Finance Ministry traditionally dips into during times of crisis, were measured at P5.6 billion in November, a significant drop compared to P16.3 billion in November 2019, adding pressure on the sources of budget support.

The latest Bank of Botswana statements indicate that the reserves, known as the Government Investment Account (GIA), fell to about P5 billion in September then rose to P6.5 billion in October, before the drop to the P5.6 billion in November.

The GIA began the year at about P17 billion but began sliding as the COVID-19 crisis forced more drawdowns by government to support the budget.

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Govt fiscal reserves drop further

Government reserves, which the Finance Ministry traditionally dips into during times of crisis, were measured at P5.6 billion in November, a significant drop compared to P16.3 billion in November 2019, adding pressure on the sources of budget support.

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Sportspersons flock to politics

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