CAG’s list of 16 government agencies that rely on loans

0
11

The Controller and Auditor General (CAG), Charles Kichere’s report has revealed that operations of 16 government entities rely on loans.

According to the CAG, the institutions rely on loans to operate because their capital is insufficient in comparison to their actual needs.

The list includes Tanzania Petroleum Development Corporation (TPDC), Tanzania Electric Supply Company (Tanesco), Tanzania Ports Authority (TPA), Tanzania Telecommunication Company Limited (TTCL) and National Insurance Cooperation (NIC).

Others are National Development Corporation (NDC), Tanzania Standard Newspapers (TSN), Tanzania Investment Bank (TIB), Tanzania Forestry Research Institute (Tafori), and Arusha Water and Sewerage Authority, and State Mining Corporation (Stamico).

The CAG also named others as the Tax Revenue Appeals Board, Medical Stores Department (MSD), Tanzania Institute of Education, Petroleum Upstream Regulatory Authority (PURA) and Cashewnut Board of Tanzania (CBT).

LEAVE A REPLY

Please enter your comment!
Please enter your name here