BMC struggling to repay gov�t loans

Friday, June 23, 2017

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.

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BMC struggling to repay gov�t loans

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).