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Continuing Wastage of Public Funds

Editorial

National Audit Office’s Report

The report of the National Audit Officefor the fiscal year 2020-21 is out. As in past years, it has again drawn attention to a long catalogue of considerable waste of public funds in diverse ministries and parastatal bodies. Accordingly, huge amounts have gone missing, misappropriated or down the drains; systems have been bypassed to draw unjustified advantages, while loss has been occasioned in other places due to dereliction of duty and absence of adequate follow-up on projects.

No doubt, more or other such cases will be uncovered in coming years given the absence of a proper accountability mechanism to put a stop to the perpetuation of wasted public funds and sanction those responsible. There will be shock and consternation at the abuses pointed out. They will be picked up again by the Public Accounts Committee and commented upon adversely and the public will keep treating it as an unacceptable occurrence over which there will be no sanction. In the meantime, consumers and taxpayerswill keep contributing by paying up all sorts of taxes to fill the coffers of the Treasury.  * Read More… Become a Subscriber

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