Matsheka takes P30bn request to Parly
Friday, September 11, 2020
Government is facing a P13.6 billion budget shortfall for the current financial year due largely to a fall in mineral revenues. Matsheka has said much of the funding for this will come through domestic borrowing as opposed to drawing down on reserves or foreign borrowings.
Government’s local borrowings, through Treasury Bills and bonds, are done under the domestic issuance programme, which dates back to 2008. From a ceiling of P5 billion in the original programme, Parliament approved the increase to P15 billion in 2011, but this limit was reached in the June 2020 auction of bonds.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...