Maseru, Mar. 14 — The Chairperson of the Portfolio Committee on the Economic and Development Cluster Mr. Sello Hakane says there is a need for the government to come up with a short term debt strategy to reduce its debts.
This he said in the National Assembly when summarizing the consolidated report on the annual budget and estimates of revenue and expenditure for the financial year 2025/2026.
Mr. Hakane said the government debt, which stands at M23.1 Billion in 2025/26 financial year, is increased by the external debt which is often affected by the currency exchange.
He indicated that there must be a clear plan to pay external debts as interest rate increases when it is paid for a long period of time due to inflation amongst others. . .
