$1b debt


More than ten state-owned corporations which were granted in excess of $1 billion in loans from Government, in some case more than a decade ago, still have not paid back a cent.

Auditor General Leigh Trotman wants something done about it.

According to Trotman, many of the agencies are not in a position to pay back the money, which had reached a staggering $1 110 646 643 at the end of 2017.

In his 2017 report, which was laid in Parliament on Tuesday, Government’s chief auditor said the lack of payments continued to affect Government’s already troubled bottom line. (BA)

Please read the full story in the Sunday Sun, or in the eNATION edition.


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