Gov't seeks to borrow P1.3bn from capital market

Finance Minister, Thapelo Matsheka PIC: MORERI SEJAKGOMO
Finance Minister, Thapelo Matsheka PIC: MORERI SEJAKGOMO

Government is due back in the capital market on February 28, seeking P1.3 billion via the auction of a six-month treasury bill and three bonds, BusinessWeek has learnt.

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

For the 2019-2020 fiscal year, government’s projected deficit of P7.93 billion is being financed by drawdowns from the reserves managed by the BoB and quarterly borrowings from the capital market.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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