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Friday, October 27, 2006

Minister puts pressure on public enterprises

Public enterprises have been told to increase profitability, become investment-oriented and not depend on government funding.

The Minister for Public Enterprises said that because of the pressure on the national budget caused by the high cost of borrowing, expenditure needed to be curtailed.

There has been much concerns recently about Government debt. Some feel that Government is crowding out the other likely borrowers who could put debt to more better use that would benefit the economy.

Check out our other entry on the Post-Budget Forum next week to get an opportunity to ask Government questions regarding its 2007 National Budget which will be delivered next week.

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