The Straw Market Authority (SMA) suffered an operational loss of nearly $700,000 in 2014, a recent audit revealed.

On July 24, Minister of Public Works Desmond Bannister, who has ministerial oversight of the authority, tabled three financial audits for the SMA.

The audits, which were compiled by UHY Bain and Associates Chartered Accountants, examined the authority’s 2013, 2014 and 2015 financial statements.

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