Business

‘Abuse of public funds needs curbing’

Government complex.

ESTHER MSETEKA, Lusaka
THE Jesuit Centre for Theological Reflection (JCTR) has urged the Secretary to the Treasury to see how financial management systems can be strengthened in ministries to help curb abuse of public funds.

JCTR media and information officer Tendai Posiana said the centre is concerned about the current public financial mismanagement of public funds as revealed by the Auditor General’s (AG) report for the financial year ending December 31, 2016.
The AG’s report has highlighted abuse in the misapplication of funds, which increased by more than five times last year compared to the previous year from K28 million to K162 million while unaccounted for revenue has increased from over K558,000 in 2015 to K3 million in 2016.http://epaper.daily-mail.co.zm/

Tender

Facebook Feed