Pending Bills to be settled in due course – Mbadi

Treasury CS John Mbadi has announced that the committee appointed by the President to look into the sticky issue of pending bills has had its length of work extended to expedite it once and for all.
He however said that there has ben interim report from the taskforce with recommendations on how to avoid pending bills in the future,
Whilst addressing the nation at the inaugural monthly press conference at the Treasury Building, Hon Mbadi explained that one of the ways to improve liquidity in the economy is to have government pay for what it consumes.
“Government is the single-most consumer of goods and services and when payment for these is delayed, the economy suffers,” he explained.
Some of the recommendations from the Task Force, he said include Government striking a balanced budget so that government only procures for what it can afford at the time of received the goods and services.
It is also recommended that any delayed payment or settlement must attract interest accruing to service providers to government,
This is music to the many businesses whose payments have been pending for years as some have suffered serious economic stress given some take bank loas to service the tenders.
Hon Mbadi assured them of serious effort to address their plight with most of them going to smile all the way to the bank soon.