Govt hammers out debt strategy

AfDB lent Botswana US$1.5 billion in 2009 which enabled government to prop the economy up by running a deficit during the recession. Other funders, including the Bretton Woods institutions, are owed billions of pula by public entities for projects such as the Morupule B Power Station, with government acting as guarantor.

Last year, government had budgeted P3.48 billion for payment of public debt, both loans and interest, while this year, P2.9 billion has been set aside for the same purpose.