By: Nghiinomenwa-vali Erastus
The government plans to borrow N$3.2 billion from institutional and individual investors between October 2023 and March 31, 2024, to address a widened budget deficit and fulfil outstanding obligations.
The borrowing will occur domestically through bonds and treasury bills auctions facilitated by the central bank, as outlined in the updated 2023/24 Borrowing Strategy post the Mid-Year Budget review.
The revised strategy indicates an increased borrowing target of N$10.7 billion for 2023/24 from domestic investors, up from the initial plan of N$7.5 billion.
This presents local investors and individuals with savings an opportunity to invest in N$3.2 billion worth of bonds and treasury bills
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