Govt to settle outstanding payments next month
President Hage Geingob today reassured service providers and contractors that the government will settle all outstanding payments by the end of August.
“We have realised that one key factor fuelling discontent and opinion is the occurrence of unsettled invoices. We deeply regret the accumulation of unsettled invoices that came about as a result of weak revenue collection, due to the economic downturn. We understand the serious impact this has on business operations, in particular on small and medium sized enterprises. We sympathise with those businesses that had to close down as a result of the economic downturn and those employees who lost jobs as a result of such foreclosures,” said Geingob who was addressing the media at State House on the state of the economy and other pertinent issues.
“At this stage, I just want provide personal assurance to all affected stakeholders that government has resolved to settle all outstanding invoices by the end of August 2017.”
Geingob also said the country’s economy was on recovery path. “Liquidity conditions have recovered remarkably. It is true that 2016 was one of the challenging periods from an economic viewpoint for Namibia but also globally,” he said.
STAFF REPORTER
“We have realised that one key factor fuelling discontent and opinion is the occurrence of unsettled invoices. We deeply regret the accumulation of unsettled invoices that came about as a result of weak revenue collection, due to the economic downturn. We understand the serious impact this has on business operations, in particular on small and medium sized enterprises. We sympathise with those businesses that had to close down as a result of the economic downturn and those employees who lost jobs as a result of such foreclosures,” said Geingob who was addressing the media at State House on the state of the economy and other pertinent issues.
“At this stage, I just want provide personal assurance to all affected stakeholders that government has resolved to settle all outstanding invoices by the end of August 2017.”
Geingob also said the country’s economy was on recovery path. “Liquidity conditions have recovered remarkably. It is true that 2016 was one of the challenging periods from an economic viewpoint for Namibia but also globally,” he said.
STAFF REPORTER
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