By: Nghiinomenwa-vali Erastus
At the end of July 2024, the government had borrowed a cumulative N$120 billion from private investors through the issuance of Treasury Bills and internally registered bonds in the domestic market.
This debt includes N$80 billion from domestic bonds and N$40 billion from Treasury Bills.
The Bank of Namibia, which borrows on behalf of the government, prepared the updates on government domestic debts.
This update covers only the debts borrowed within Namibia and excludes external debts such as Eurobonds, AfDB loans, and Johannesburg-listed bonds.
The N$120 billion represents the aggregate amount of outstanding debts accumulated over the years, including borrowings in 2024.
Comments