Gov’t mulls inflation-linked bonds
Friday, June 16, 2023 | 530 Views |
Partners: Serame and Pelaelo at the launch of the government auction calendar and borrowing programme this week PIC: PHATSIMO KAPENG
The central bank’s monthly auctions of treasury bills and bonds have nearly all missed their debt targets since Parliament doubled government’s note issuance programme to P30 billion in September 2020.
With its own savings only just recovering from the pandemic’s impact, government has largely looked to the domestic capital market to fund budget deficits widened by COVID-19 spending.
It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...