Government credit up by K81.6 billion | The Times Group

Government credit up by K81.6 billion | The Times Group: Government credit up by K81.6 billion
Posted By: Tom Sangalaon: May 14, 2019In: BusinessNo Comments
By William Kumwembe:

Net credit to the central government went up by K81.6 billion to K547.4 billion in March 2019, figures from the Reserve Bank (RBM) of Malawi show.

RBM March 2019 Monthly Economic Review shows that government’s net borrowing from the central bank increased by K62.0 billion to K144.5 billion.

Similarly, central government net credit from commercial banks increased by K19.6 billion to K402.8 billion on account of a K26.6 billion Treasury notes uptake by the commercial banks.

In the month under review, Treasury bills (TBs) amounting to K3.8 billion matured, reducing the outstanding stock of the TBs held by commercial banks to K215.1 billion.

“Further, government deposits with the commercial banks r