NIS moving to recover $1.3B owed by delinquent businesses

Delinquent businesses and employers owe $1.3 billion to the National Insurance Scheme (NIS) and the entity hopes to recover the sum this year even as government intends to examine options for repayment of $5.24 billion owed to the Scheme by failed insurance company Clico.

Presenting budget 2016 to the National Assembly yesterday, Minister of Finance Winston Jordan pointed