Govt's budget buffers weaken further

Thursday, October 22, 2020

Finance Minister Thapelo Matsheka PIC. THALEFANG CHARLES

Government reserves, which fiscal authorities traditionally dip into during times of crisis, weakened by about P2.6 billion in August, underlying the stress the Covid-19 pandemic is having on the national purse.

The funds, officially known as the Government Investment Account (GIA) which represents government’s portion of the foreign reserves, were pegged at P10.7 billion in August according to the Bank of Botswana.

By comparison, the GIA was measured at P19.5 billion in August 2019 and P28.2 billion in August 2018.

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Govt's budget buffers weaken further

Government reserves, which fiscal authorities traditionally dip into during times of crisis, weakened by about P2.6 billion in August, underlying the stress the Covid-19 pandemic is having on the national purse.

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

MISA Botswana celebrates World Press Freedom day

Unlawful wounding turns to murder

Mahalapye suspected copper cable thief nabbed

TAFIC targets top four finish

Selefu

Selefu

Repatriation underway for seven SA Pilgrims

Stakeholders must step up veggie supply