Maseru, July.23 — The government operations are reported to have registered a deficit of 1.7 percent on the Gross Domestic Product (GDP) in May, 2024, which is explained to be because of relatively higher government spending.
This was said by the Governor of the Central Bank of Lesotho Dr. Maluke Letete at the media briefing aimed at tabling the statement of the deliberations of the Monetary Policy Committee meeting which was held on Tuesday.
Speaking at this briefing Dr. Letete said that the committee held its 108th meeting where it deliberated on the latest global, regional and domestic economic developments as well as the developments in the financial markets and have also noted that the July 2024 International Monetary Fund (IMF) growth projections for the global economy were relatively unchanged from the April 2024 projections. . . .
