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BROKE GOVT PUMPS IN E690M LOANS TO ICC

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MBABANE – The self confessed broke Swazi Government has spent a total of E756 million on construction of the International Convention Centre (ICC) while six other capital projects received nothing at all. 


Out of the total amount of money invested in the construction of the state of the art multimillion developments, E691 million was sourced from loans while only E65 million was sourced locally.    


Projects that had nothing being released towards their implementation despite having been budgeted for include, support to the United Nations Development Programme (UNDP), water harvesting small and medium dams, support to education and training and an agriculture survey among others.      


Budget


This has been revealed in the Ministry of Economic Planning and Development second quarter budget report whose capital budget allocation stood at E1.3 billion which was 23 per cent of total government capital budget.


The ministry, reported that E1.116 million had been released/ committed and out of it E1.077 million had been spent, which was 87 per cent of the budget.


“The high expenditure is mainly due to the construction activities of the convention centre which are currently at peak. However, implementation with some projects remains at a very low implementation rate due to the cash flow situation at the Treasury Department and this has affected implementation of projects on the ground,” disclosed the ministry.


It was also mentioned that budget release for the Microprojects Infrastructure programme totaling E180 million had been approved but they had only received E20 million at close of the second quarter. It was explained that this had led to most activities under the programme being stalled.

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