THE Ministry of Finance and National Planning says government will now be tougher in the way it manages state owned companies because most of them are not generating sufficient revenue. The Auditor General’s report on the Accounts of the Republic for the Financial Year ended 31st December, 2022, indicated that the approved interest on loans to companies was estimated at K155, 131, 416 while the actual collection was K104, 316, 843, leaving a variance of K 50, 814, 572. The report further revealed that approved dividends were estimated at K1, 439, 694, 855, while the actual collection was K25, 884, 151, leaving a variance of K1, 413, 810, 704. During the Public Accounts Committee sitting, Thursday, Mufulira PF member of...

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