MPs seek audit of parastatals’ excess cash

Parliament in session. FILE PHOTO | JEFF ANGOTE | NMG

Members of Parliament have called for a fresh audit of cash surpluses State corporations hold as the government digs deeper for additional revenues to fund a bigger budget.

In new disclosures, the National Assembly Committee on Finance and National Planning noted a high number of these entities hold excess cash from the past without the knowledge of the exchequer.

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