The Standard | by Dominic Omondi
While State corporations are not, and should not be, profit making enterprises they should always aim for a surplus at the end of the financial year.
Registering a profit or surplus for a State corporation is a sign of efficient utilisation of funds, including taxpayers’ money that most parastatals receive every fiscal year.
A new report by the National Treasury tabled at the National Assembly on Thursday shows that slightly over half of the parastatals have run into losses, or deficits in case of non-commercial entities…
