Source More Funding Locally, BIHL Urges Govt

Patrick Ralotsia PIC: KEOAGILE BONANG
Patrick Ralotsia PIC: KEOAGILE BONANG

The country's largest diversified financial group, Botswana Insurance Holdings Limited, says government should source more of its funding domestically to allow the private sector to better contribute to the economy's growth.

Current fiscal rules limit government debt to 40% of GDP with a 50/50 split between domestic and offshore funding. 

By March 2018, domestic debt amounted to P10.2 billion or about half the fiscal limit, while external debt, by March 2017 was pegged at P16.7 billion. March 2017 marks the last available official data for external debt, which mostly comprises loans from international financiers, particularly the African Development Bank, which lent Botswana $1.5 billion in 2009.

Editor's Comment
Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

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