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Government trading enterprises likely borrowed to pay interim dividends after shifting them from 2019–20 to 2020–21.
🟠 High · Committee22 October 2020 · 197 words
Some government enterprises likely borrowed to pay dividends after shifting payment dates.
Government enterprises may have needed debt to fund dividend payments.
“Government Trading Enterprises (GTEs) borrowing to fund dividend repayments would have taken place in the context of their overall management of cash balances.”
➖ neutral· informative🌡️ warm
Members who spoke
Nahan, Dr Mike
Topics
financegovernmentdividendsdebt
· 22 October 2020
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