Auditor General's report reveals billions in idle public funds and widespread mismanagement
via Mmegi3 min read
A recent Auditor General’s report highlights significant issues within government financial systems, revealing that billions of Pula are sitting idle in government accounts while other public funds are being diverted or mismanaged. The report indicates a systemic breakdown in the governance of public funds, with money remaining untouched for years across several funds. For instance, the Debt Participation Capital Fund has shown no activity since 2015, despite holding P9,153,713 as of March 31, 2023. This dormancy raises concerns about the fund's relevance, operational effectiveness, and the efficient use of public resources, suggesting a lack of active program implementation or periodic review of fund objectives.
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