AUDITOR GENERAL REVEALS WASTEFUL EXPENDITURE… from K3.7m in 2019 to K1.4bn in 2020By FLAVIOR KANUNGOWASTEFUL expenditure was the largest irregularity revealed in the Auditor General’s report, with a rise from K3.7 million in 2019 to K1.4 billion in 2020 representing an increase of 378 percent.According to the Auditor General account of the republic for the financial year ended December 31, 2020, the second largest irregularity was failure to follow procurement procedures in amounts totalling to K234 million in 2020 from K504, 500 in 2019 representing 463 percent increment. Speaking at a press briefing yesterday, Auditor General Dick Sichembe explained that the irregularities involves the Ministry of Finance, Food Reserve Agency. Other ministries cited were Housing and Infrastructure, Transport and Communication, General Education and Fisheries and Livestock among others.Dr Sichembe also disclosed that other irregularities that have seen an upward trend include unvouched expenditure, unaccounted for revenue, irregular payments, failure to recover loans and unaccounted for funds among others.He said his office through its forensic […]
AUDITOR GENERAL REVEALS WASTEFUL EXPENDITURE
