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Government borrowings reach $6,21 billion

GOVERNMENT borrowing surged by 61,1 percent to $6,21 billion in February this year compared to $3,9 billion in the 2017 prior period, raising fears that government’s over-reliance on local banks is crowding out private sector lending. Official data from the Finance ministry’s Fiscal Policy and Advisory Services Department indicates that despite a 61 percent surge […]

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