Gov't ups borrowing, seeks P1.95bn

Matsheka PIC: KENNEDY RAMOKONE
Matsheka PIC: KENNEDY RAMOKONE

Government will today (Friday) return to the capital market seeking P1.95 billion in debt, the second approach under the newly increased domestic borrowing limit of P30 billion.

The government, through the Bank of Botswana (BoB), borrows quarterly from the local capital market through Treasury Bills and bonds, mainly to develop the local market’s capacity, but increasingly to fund gaps in the national budget.

Government’s finances have been thrown into crisis by the coronavirus (COVID-19), which has devastated mining, tourism and other sectors, which are traditional lines of revenue for the national budget.

Editor's Comment
Prosecutors deserve better

These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...

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