Govt domestic borrowing up 30 pct in February

Govt domestic borrowing up 30 pct in February

HARARE, April 23 (The Source) – Government’s domestic borrowing increased by nearly 30 percent to $549,18 million in February compared to the same period last year, latest central bank figures have shown.

Domestic borrowing grew by 28.76 percent from $426,50 million recorded last year, after the apex bank issued $200 million in Treasury Bills to some creditors.

The value of transactions processed through the RTGS system in February fell by 12 percent to $3,2 billion from $3,7 billion recorded in the previous month.

Total value of card based transactions declined to $417,59 million compared to $466,37 million in January.

Mobile and internet-based transactions were also lower at $439,24 million from $465,64 million in the previous month. Cheque transactions stood at $13,69 million, up from $11,69 million.