Ithete warns SOEs to be fiscally prudent

Contributed by NAMPA.

WINDHOEK, 21 FEB (NAMPA) – Deputy Minister of Finance, Natangwe Ithete has issued a stern warning to underperforming public enterprises who commit tax fraud and overcommit government funds to expenses that are not budgeted for.
Speaking during the handing over of dividends by the Namibia National Reinsurance Corporation (NamibRe) on Wednesday, Ithete said it was unacceptable for State-owned enterprises (SOEs) in the commercial sector to be in existence for over 25 years and not bring returns to govern ...