Expert welcomes govt decision to finance deficit

source: BOPA
11 February, 2010

FRANCISTOWN – Governments decision to finance part of this years deficit of P12.1 billion is a positive move as it will go a long way in developing local capital markets, says Motswedi Securities economic analyst Mr Garry Juma.

He was commenting on the budget speech in which the Minister of Finance and Development Planning, Mr Kenneth Matambo, said the deficit will be financed by borrowing largely from the domestic capital market.

Analysing the social, political, and economic implications of the budget during the 2010 budget review session in association with Stanbic Bank, Mr Juma maintained that drawing down on the reserves and borrowing from local markets was critical to resuming rapid economic growth.

He said since the budget was presented under the [continue reading]

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