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Auditor-general Bemoaned state’s repeated failures to comply with Fnance Management Act

 SOUTH AFRICA - Auditor-General Kimi Makwetu has bemoaned the repeated failures of national and provincial government to comply with the Public Finance Management Act, leaving the fiscus vulnerable to waste and abuse.

 

Mr Makwetu said on Wednesday in Pretoria that while there had been a slight improvement in the audit results of the two spheres of government, they incurred R32m in fruitless and wasteful expenditure in efforts to prevent further fruitless or irregular expenditure and losses.
Mr Makwetu was presenting the 2014-15 audit results of provincial and national departments, as well as those for public entities.
The audit covered 468 departments and 301 public entities, which had a combined budget of R1.1-trillion.