Govt cuts borrowing by 85% in July—data

WIRE — The Malawi Government borrowed about K144.6 billion in July through Treasury bills (T-bills), representing an 85.7 percent reduction from K880.4 billion borrowed in June in a development economists say indicates Treasury is reducing its appetite for borrowing. T-bills results show that Treasury accepted about 60 percent of the bids, which were valued at K238.2 billion The post Govt cuts borrowing by 85% in July—data appeared first on Nation Online.

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