Gov't seeks P2.6bn in debut debt under raised limits

Friday, October 30, 2020

Plugging holes: Matsheka successfully pushed through a new debt limit recently PIC: KENNEDY RAMOKONE

Government, through the Bank of Botswana (BoB), will on Friday approach the market for P2.6 billion, in the first borrowings under the recently expanded domestic debt programme.

Parliament in September doubled government’s domestic debt ceiling to P30 billion, allowing fiscal authorities more elbowroom to tackle coronavirus (COVID-19) related shortfalls in public finances.

Finance Minister, Thapelo Matsheka is facing a P13.6 billion deficit in the current financial year, owing to lower revenues and higher spending necessitated by COVID-19 response measures.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

(L-R). Kagiso Molatlhwa. Olebile Machete and Morena Monganja addressing the media on constitutional amendment PIC: KENNEDY RAMOKONE

Civil Society fights 'flawed' constitutional amendment

Innocent Selatlhwa | 1d ago

Civil Society calls for Constitution review governing Act

Innocent Selatlhwa | 1d ago

IEC rejects 2,513 registrations

Innocent Selatlhwa | 1d ago

Motshegwa prevails against detractors

Goitsemodimo Kaelo | 1d ago

Serowe woman ingests acid, attempts suicide

Pini Bothoko | 1d ago

Serowe man 'loses' P1m in crypto trading

Pini Bothoko | 1d ago

MultiChoice appoints Johnson Otlaadisa to the role of Production Supervisor for Mzansi Bioskop Local Film Project

Staff Writer | 1d ago

Grieving individuals urged to seek support

Boikanyo Mathonsi | 1d ago

Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

The Monitor Editor | 23 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

Gov't seeks P2.6bn in debut debt under raised limits

Government, through the Bank of Botswana (BoB), will on Friday approach the market for P2.6 billion, in the first borrowings under the recently expanded domestic debt programme.