It has emerged that the National Solid Waste Management Authority (NSWMA) has racked up nearly $600 million in debt. This has left the solid waste collection agency in a precarious state, as financial institutions are refusing to provide it with loans due to the high level of indebtedness.
Speaking with RJR News Friday night, NSWMA Executive Director, Joan Gordon-Webley, said the entity owes its suppliers while statutory deductions have not been paid.
She says the debt is likely to be higher when a review of the accounts is completed.
Mrs. Gordon-Webley says the NSWMA has been forced to the turn to the Ministry of Finance for help with its recurrent expenses.
Speaking with RJR News Friday night, NSWMA Executive Director, Joan Gordon-Webley, said the entity owes its suppliers while statutory deductions have not been paid.
She says the debt is likely to be higher when a review of the accounts is completed.
Mrs. Gordon-Webley says the NSWMA has been forced to the turn to the Ministry of Finance for help with its recurrent expenses.
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