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
Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

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