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## 24. Statement of Unspent Development Deposits – (Statement No.12) 

The balances of Unspent Development Deposits from foreign sources as at 31 March 2018 totalled P770 087 886, net of debits of P291 783 350. The balances included those that had no movement since, at least, 2014, as in the following instances – 

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While all the debits should be followed up for clearance, the long standing ones included – 

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## 25. Statement of Loans Made by Government from Public Revenue – (Statement No. 13) 

As at 31 March 2018 the Statement indicated that there were three outstanding loans made to parastatal organisations with a total of P265 938 776. My comments thereon are below- 

## (a) Botswana Meat Commission – P198 337 098 

As in previous years, the Commission had continued to experience financial challenges in the payment of the instalments due on the above loan in the year under review. In his submission to the 56 th Meeting of the Public Accounts Committee, the Accounting Officer had informed the Committee that a Government decision had been made, in February 2018, to convert all loans to the Commission into equity. As at 31 March 2018, no accounting action had been made to clear the outstanding balance of P192 000 000 under this loan. 

## (b) Botswana Development Corporation – P189 500 000 

The loan amount to the Corporation for the construction of the GICC project is P189 500 000, and not P89 500 000 as reflected in the Statement. Consequently, the Statement shows an outstanding balance of P58 039 319 as at 31 March 2018, instead of P158 131 191 as per the loan repayment schedule as on that date. 

