Parliament has been asked to raise the ceiling on Botswana’s government bond issuance programme from P55 billion to P85 billion, with Finance Minister Ndaba Gaolathe insisting the increase is about financing flexibility rather than a plan to borrow more.
Gaolathe told legislators that the proposed ceiling should not be interpreted as a borrowing target or an intention to use the full amount. Instead, it would set the maximum value of government securities that may be outstanding at any given time.
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