PAC questions NWC’s financial viability
Business
Finance
Politics
October 7, 2026
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Auditor General Pamela Monroe Ellis has disclosed that as at March 2026, total receivables of the National Water Commission (NWC) is $23.88 billion. However, eyebrows were raised when it was highlighted that of the nearly $24 billion in receivables, the NWC has made provision for bad debt in the sum of $19.3 billion.
Provision for bad debt is an accounting estimate of the portion of accounts receivable that a company expects customers will fail to pay.
This disclosure triggered concerns by Christopher Brown, a member of the Public Accounts Committee (PAC), who questioned the viability of the NWC.
Business
Finance
Politics
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