BMC struggling to repay gov�t loans

BMC has been reeling from cashflow problems
BMC has been reeling from cashflow problems

The Auditor General report has found out that the Botswana Meat Commission (BMC) has failed to repay instalments of a loan obtained from the Public Debt Service Fund (PDSF).

The PDSF was established under the Ministry of Finance and Economic Development as a device to ensure that government would have a source of funds to service public debt.

The report on the audits of the accounts of the government for the financial year ended March 31, 2016, determined that the BMC holds two loans from the PDSF totalling P354 million.

Editor's Comment
BPF should get house in order

Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...

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