Gov't seeks P2.6bn in debut debt under raised limits

Plugging holes: Matsheka successfully pushed through a new debt limit recently PIC: KENNEDY RAMOKONE
Plugging holes: Matsheka successfully pushed through a new debt limit recently PIC: KENNEDY RAMOKONE

Government, through the Bank of Botswana (BoB), will on Friday approach the market for P2.6 billion, in the first borrowings under the recently expanded domestic debt programme.

Parliament in September doubled government’s domestic debt ceiling to P30 billion, allowing fiscal authorities more elbowroom to tackle coronavirus (COVID-19) related shortfalls in public finances.

Finance Minister, Thapelo Matsheka is facing a P13.6 billion deficit in the current financial year, owing to lower revenues and higher spending necessitated by COVID-19 response measures.

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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