Gov`t slashes support to parastatals

source: Mmegi
Mbongeni Mguni
Staff Writer

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 [continue reading]

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