SECRETARY to Cabinet Patrick Kangwa has announced that the New Dawn Administration’s first audit report presents a positive outlook, showcasing a substantial decrease in misappropriation of funds from K95.8 million to zero.
Mr Kangwa said the report has recorded a tremendous improvement on audit queries with an almost 100 percent reduction on misappropriation of funds.
He said the report has revealed that misappropriation of funds stand at K5 million for the year ending December 31st, 2021 as compared to only K135, 000 for the year 2022.
Mr Kangwa said unaccounted for funds also reduced from K83 million to K388, 000.
Speaking at a media briefing on the Auditor General’s report yesterday in Lusaka, Mr Kangwa said the report has given great success stories for the financial year ending December 31st, 2022.
He said the report reflects a positive trajectory in the financial year management.
“We may not be alive to it, but this is the first new dawn audit. The report we were looking at was the 2021 audit which was handled by the previous Government. So this particular audit is a clear reflection of your work and management,” he said.
Mr Kangwa noted that as opposed to the 2021 audit in which only seven ministries and provinces were cited to be without queries, it doubled in 2022 and 14 provinces and ministries were found with zero audit queries.
“Thirdly, the Auditor General’s report has 37 types of irregularities. Of these 37, there has been a reduction on 25 which is 70 percent. In short, we only had 11 that went up. For example misappropriation of funds was at K5 million, this year with all of us put together, we are at K135, 000 only. That is a 97 percent reduction. Unaccounted for funds dropped from K83 million to K388, 000. Misappropriation of funds dropped from K95.8 million to zero. These successes must be entered as fruits of hard work,” he said.
Mr Kangwa said other areas which recorded successes were procurement in which misappropriation reduced from K12 billion to zero.
He also stated that failure to recover advance payment has also reduced from K70 million in 2021 to nil in 2022.
Mr Kangwa commended controlling officers for their team work exhibited in ensuring an improved audit.
He attributed the improvement to control measures put in place such as increased compliant to public procurement Act and regulations among other measures.
(Mwebantu, Friday, 14th October, 2023)