Gov't misses debt target again
Friday, June 11, 2021
On behalf of the government, the BoB conducts monthly auctions of government Treasury Bills and bonds, with primary dealers bidding to lend government the funds according to the returns on offer. The primary dealers, who are exclusively banks, compete by offering the yields or returns they would desire on the funds they are willing to lend to government.
Government is banking on its domestic borrowing programme to plug the forecast P6 billion deficit in the 2021-2022 budget, as the other main source of funding, the Government Investment Account (GIA), is running low due to COVID-19 spending.
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...