Gov't slashes support to parastatals

Annually, some of the eleven commercial public enterprises and the public institutions, receive subventions from government's recurrent expenditure to support their operations. While parastatals such as the Botswana Development Corporation have been the pick of the crop annually for government, others such as the Botswana Telecommunications Corporation have vacillated over the years, while some such as Air Botswana have recorded running losses.

Yesterday, Finance and Development Planning Minister, Kenneth Matambo said on a case by case basis, subventions to some parastatals had been revised downwards, as government attempts to limit its expenses.