Government accumulated about R50 billion in illegal expenditure

Government accumulated about R50 billion in illegal expenditure

- According to the Auditor-General, South Africa's government managed to misuse up to R50 billion

- This amount is set to go up as SOEs still need to have their figures added

- The illegal spending within the government has increased by 200%

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South Africa's Auditor-General, Kimi Makwetu, says the government has accumulated at least R50 billion in illegal spending.

That amount has been racked up to such an incredible in the past financial year - a mighty increase of almost R5 billion compared to numbers of the previous year.

EWN reports such wasteful spending increased by a whopping 200% while unauthorised spending went up by 38%.

Makwetu's reveal shows how South Africa's financial health is worsening and losses are getting much bigger.

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There appears to be only limited improvement in a few areas.

In terms of the audit and accounts, the total irregular expenditure that has found itself into the financial statements as audited for this year is sitting at around R50 billion.

This number could increase as there are still outstanding figures from SOEs like the post office, Denel and South African Airway.

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Briefly.co.za gathered some information and could make a list of the top 10 big spenders:

  • KwaZulu-Natal Department of Transport - R5.48 billion
  • Water Trading Entity - R4.56 billion
  • Gauteng Roads and Transport - R2 billion
  • Department of Water and Sanitation - R1.97 billion
  • Department of Correctional Services - R1.89 billion
  • KwaZulu-Natal Department of Health - R1.8 billion
  • Gauteng Department of Health - R1.7 billion
  • Free State Police, Roads and Transport - R1.6 billion
  • Gauteng Human Settlements - R1.38 billion
  • North West Public Works and Roads - R1.13 billion

These government institutions managed to accumulate the R50 billion in irregular spending and South Africans fear how much the amount will be when SOEs have their's added as well.

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Source: Briefly.co.za

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