Auditor-General exposes R62 billion in state irregular expenditure

Auditor-General exposes R62 billion in state irregular expenditure

- Irregular expenditure on both national and provincial levels has increased to over R60 billion

- Auditor-General Kimi Makwetu told the nation that material financial losses have amounted to R2.8 billion

- Makwetu is adamant that the country cannot afford to continue haemorrhaging the public funding

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Irregular expenditure in the government's national and provincial arms has risen to over R60 billion.

News24 reports that R2.8 billion has been noted as material financial losses, according to Auditor-General Kimi Makwetu.

Makwetu released what he described as the 'disappointing' audit results of the national and provincial government for this financial year.

28 material misstatements were identified at eight different auditees, resulting in a loss of R2.81 billion, Briefly.co.za gathered.

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Makwetu noted that the Passenger Rail Agency of South Africa had single-handedly contributed R2.2 billion of these irregularities.

The Auditor-General revealed that the actual figures could be higher, with over 30% of the auditees failing to disclose true and complete amounts.

Makwetu is adamant that the state cannot continue losing public funding through incompetence:

"Government cannot afford to lose money because of poor decision-making, neglect of inefficiencies; however, we continue to see a rise in fruitless and wasteful expenditure."

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Source: Briefly.co.za

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