An Economist has projected that the auction deficit for government securities for 2019 is set to close between 11.6 billion and 12.9 billion Kwacha.

Dean Onyambu tells Money FM News that the deficit shows that government continues to dominate the domestic market, demanding more of the Kwacha than the market can provide.

Mr. Onyambu says government has raised K19.2 billion Kwacha in treasury bills this year out of the K24.7 billion on offer and only 2.4 billion Kwacha out of the K8.8 billion on offer in government bonds.

The last government Bond Auction is set to be held next week Friday while the last Treasury bill auction was held yesterday, closing the year at 83 percent subscription rate from the 74 percent recorded in 2018.