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Public debt pile nears domestic limit

Friday, June 06, 2025 | 180 Views |

Fiscal headquarters: The Finance Ministry has difficult decisions to make going forward around spending and new revenue lines

Government’s debt pile is nearing its limit for domestic borrowings, being at P42.6 billion or about 18.7 percent of Gross Domestic Product, just under the 20% ceiling, a senior Finance ministry official has confirmed.

Under its own statutory rules, government constrains its debt to 20% of GDP for domestic funding and 20% of GDP for external funding.

However, government, through the Bank of Botswana, has been on a flurry of debt raising activities in recent months, as the prolonged diamond downturn has eaten into public revenues, whilst commitments such as salaries and outstanding invoices have pressured the public purse.

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