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
Shame on the Police!

According to a press statement from the police, unidentified armed men attacked on duty police officers at the station in the early hours of Tuesday.During the attack, the suspects stole 14 riffles, five pistols and an undisclosed number of ammunition.Although unconfirmed, it is alleged that the suspects were just carrying knives and axes, which they used to scare the men and women in uniform before they took them hostage to help themselves to...

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