Gov’t pursues P5bn in budget support loans
Friday, December 09, 2022 | 600 Views |

Watching the books: Serame sought Parliament’s fast-tracked approval of two loans this week PIC: PHATSIMO KAPENG
The African Development Bank (AfDB) separately says its board has approved a $179.7 million (P2.3 billion) loan to help Botswana “restore post-pandemic fiscal stability and economic recovery”.
While the AfDB loan is the second tranche of a facility that disbursed $137 million last year, the JICA and OPEC Fund facilities are new direct budget support for Botswana.
It seems some government accounting officers, sworn to tell "the truth, the whole truth, and nothing else but the truth" before Almighty God, may have deliberately lied during the committee’s vital work. If proven, this is not merely unprofessional; it is perjury, a serious criminal offence and it strikes at the very heart of responsible government.The PAC’s role is fundamental. After each financial year, it painstakingly examines how public...