Economic strain of non-payment of bills owed to State contractors

SMEs, which do not have huge buffers to absorb extended payment terms, suffer significantly.

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The nonpayment of local debts owed by governments to contractors and service suppliers is a problem with a vast and rippling impact on economic stability and growth.

Small and medium-sized enterprises (SMEs) are choking on debts for services rendered, with some reaching up to four years overdue.

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Note: The results are not exact but very close to the actual.