Gov't slashes support to parastatals

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Government has reduced the amount of subventions to certain parastatals on a case by case basis, as part of its ongoing efforts to contain costs amid the country's worst cash squeeze.

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.

Editor's Comment
Bravo police for prompt action

It is also hurting that whilst we all know that the Botswana Police Service (BPS) is charged functionally with the duties to investigate all forms of crime, some locals have resorted to taking the law into their own hands. It is very wrong to do that. There is also a possibility that one may wrongfully take the life of a person in the process, unless it is a justifiable case of self-defence. Recently, in the city of Francistown, some locals found...

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