Botswana: Debt Crisis Govt Borrowing Surpasses P56 Billion

Vice President and Minister of Finance Ndaba Gaolathe has revealed that Botswana’s domestic debt doubled from P27.2 billion to P56.06 billion; a development that economic observers say will worsen over time as the economy remains subdued with no sign of positive recovery in the short to medium term.

Gaolathe revealed the government’s domestic borrowing level in Parliament this week during question time, adding that the external debt also grew from P16.4 billion in 2022/23 to P27.88 billion in the…