Sunday Standard Reserve valuation gains lift Govt’s savings account from the brink Botswana’s fiscal savings account has staged a remarkable recovery after months of decline, with fresh Bank of Botswana figures showing a sharp rebound in the Government Investment Account (GIA) du …
… k figures show that in March, the Pula Fund was measured at P29.1 billion, compared to P24.5 billion in the same month a year ago.The Pula Fund is a savings instrument established to act as a fiscal buffer and nest egg for future generations, The key Government Investment Account …
Botswana's fiscal savings account has staged a remarkable recovery after months of decline, with fresh Bank of Botswana figures showing a sharp rebound in the Government Investment Account (GIA) during March.
Why it matters
The Government Investment Account's rebound after months of decline suggests the fiscal savings buffer is stabilizing.
Botswana's fiscal savings account has staged a remarkable recovery after months of decline, with fresh Bank of Botswana figures showing a sharp rebound in the Government Investment Account (GIA) during March.
Botswana's foreign reserves improved from P55.3 billion in February to P56 billion in March, with the Pula Fund reaching P29.1 billion and the Government Investment Account at P9.1 billion, driven by factors including diamond earnings and hard currency-denominated debt.