Mon, 24 Jul 2017 14:55:17 +0000 By MAILESI BANDA GOVERNMENT should formulate measures to ensure they reduce on the loss of national resources by public institutions before considering International Monetary Fund resources, Action Aid, tax justice officer, Musonda Kabinga, has advised. Mr. Kabinga said without a prope formulated and transparent tracking system of public resourcs, funds from the IMF were not safe. Speaking when he gave a presentation on the 2016 trends report presented by the financial intelligence centre, he noted that it was sad that the Auditor General’s report continued to report anomalies in the financial management of national resources. “It is sad to note that from the 2016 national budget 5.6 percent of the budget was lost through unconfirmed reports of bribery hence we propose that the Government finds a solution to this before seeking the IMF funding as these funds risk being misused,“ he said. He explained that about K3 billion of […]
