Gov’t adds billions to its 2022 debt pile

Bank of Botswana PIC: MORERI SEJAKGOMO
Bank of Botswana PIC: MORERI SEJAKGOMO

Government embarked on an aggressive debt drive this year piling on billions of Pula more in borrowings from the local capital market and external financiers to plug the budget deficit and finance economic transformation.

Since the beginning of the financial year in April, the government raised P9.59 billion from the domestic capital market, with interest rates rising throughout the period.

However, it was the forays into external, foreign currency-denominated debt that dominated headlines around government’s debt programme.

Editor's Comment
Inspect the voters' roll!

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...

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