Friday, 23 April 2010

State is public firms’ ‘worst debtor’

From Daily News, Dar es Salaam

THE government is among the worst debtors of public corporations, the National Assembly was told here yesterday.

The Chairman of the parliamentary Parastatal Organizations Accounts Committee (POAC), Mr Zitto Kabwe (picture), said firms most affected by the state indebtedness included the power utility company, Tanesco and Tanzania Standard (Newspapers) Limited (TSN), which was owed advertising charges.

Others are the Medical Stores Department (MSD) and Mwanza Urban Water and Sewage Authority. Mr Kabwe, who was tabling his committee’s report, said the four organizations were owed 30.3bn/- as of last February.

“Non-payment of the debts affects the efficiency of the organizations,” he told the House.

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