Botswana to increase debt issuance
Botswana will issue
an additional 10 billion pula of domestic bonds this year, the finance
ministry said in a statement on its website on Wednesday.
Finance minister,
Kenneth Matambo, said the existing debt issuance had been exhausted in
September but the government was still short of funding. The auction
date for bonds with maturities ranging from 6 months to 10 years is set
for March 10.
In a budget speech
on Monday, Mr. Matambo projected a substantially lower deficit of 6.3
per cent for the 2011/2012 financial year, down from previous forecasts
at 10.1 per cent of GDP, as prices of diamonds recovered from a 2008
slump.
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