AG probes mineral revenue collection

In her latest report on government finances, Pulane Letebele noted that potential risks had been identified and prioritised and the audit into revenue collection was already at reporting stage.  “The objective of the audit is to assess the efficiency and effectiveness with which the Department of Mines is collecting these revenues from mining companies,” she said.

Mineral revenue collection is particularly important for government this year, as fiscal authorities scramble to cover a P13.6 billion deficit in the current financial year. Mineral revenues, which include taxes, royalties and dividends, were originally forecast to reach P20 billion at the time of the budget in February.