Opposition spokesman on Finance & National Planning, Bire Kimisopa, says tax revenue has tanked over the last four years at approximately K9 billion per year, and is expected to fall in 2016 and in 2017 respectively.
“Any dividend from the State-Owned Enterprises will be subject to the prevailing adverse economic conditions and may erode the strength of their combined balance sheet,” says Kimisopa, who is also the Goroka MP.
“The extraction of loans from SOEs, disguised in the form of dividends, will not exonerate the SOEs from fraudulent and deceitful conduct.
