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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
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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