Question
Outline Four features of a parastatal.
Answer
- Provide essential goods and services
- Not prompt motivated
- Is formed by an act of parliament
- Is mainly funded by the government / government owned
- Is managed by government appointees
- Any surplus earned is surrendered to the government
- Has limited liabilities
- Attached to a government ministry
- Dissolution through an act of parliament
- Not prompt motivated
- Is formed by an act of parliament
- Is mainly funded by the government / government owned
- Is managed by government appointees
- Any surplus earned is surrendered to the government
- Has limited liabilities
- Attached to a government ministry
- Dissolution through an act of parliament
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