PAC questions NWC’s financial viability
PAC questions NWC’s financial viability
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.