The Auditor General’s reports on accounts of parastatals bodies, management of constituency development funds and grants to local authorities for the year ended 31st December 2011 has revealed weaknesses.
According to the findings, non remittance of Statutory contributions amounted to K417,798,156 ,140, while failure to collect revenue accounted for K73,237,572,818, with inadequately supported payments amounting to K26,118,029,586.
A statement released to QFM News by Auditor General Anna Chifungula further highlights that irregular payments amounted to over K6.8 billion, while unaccounted for funds amounted K5.7 billion, with unaccounted for stores amounting to K1.5 billion.
The report on the management of CDF and grants to local authorities shows that K70, 241,048,650 was unspent, while K8.3 billion was misapplied from both the CDF and the grants to local authorities.
Ms Chifungula notes that contrary to CDF guidelines which stipulate that implementation of projects should be completed within twelve months; there were various projects in Luapula, Western and Southern provinces that had not been completed within the stipulated time, some of which have since been abandoned.