Auditor General Identifies 7.4b Br in Overdue Accounts Recievable


Auditor General Identifies 7.4b Br in Overdue Accounts Recievable

The Federal Auditor General, which has audited 117 federal offices and 35 branch offices, has identified 7.4 billion Br worth of overdue accounts receivable from the 2019/20 fiscal year. Some 90 offices were found to be guilty of the mishap with just four government institutions responsible for over half of the amount. The National Disaster Risk Management Commission has 1.9 billion Br in overdue accounts receivable, 1.5 billion Br from the Ministry of Health, the Ministry of Innovation & Technology has 614 million, and the Ministry of Science & Higher Education is sitting on 402 million Br. In addition, three offices were found to have uncollected advance payments from contractors amounting to 106.7 million Br. The auditor's report added that federal offices have 2.4 billion Br in unsettled collectable amounts that have remained outstanding for between one and five years; and 1.02 billion Br from five to ten years. The report states that the accumulation of these uncollected incomes would further tighten the chances of finalising collection. It advises the federal offices to collect receivables and settle them according to the law.


Radar

WET MIRAGES

A booming plastic container market around the Saris area bustles with shoppers inspecting the selections. Water supply shortages have plagued the capital as an expanding population size's demand is unmet by the drops moving through the pipes. The Addis Abeba Water & Sewage Authority relies heavily on underground wells and surface water from the Legedadi, Dire and Gefersa dams. With the Authority digging 28 wells to meet the demand shortage, several parts receive water through the taps three...


Radar

LEANING LOSSES

A telephone pole gently rests aside DebreZeit road, tucked into the city's ageing infrastructure. Ethiopia's infrastructure has been under rising assault by robbers who mimic maintenance workers appointed by the state. The ones pared from theft are constantly a victim of subdued synergy between government bureaus. The International Journal of Scientific & Technology Research published a study in 2020 indicating that lack of coordination between agencies was a significant factor in delays, co...


Radar

FESTIVE MEDLEYS

Traditional holiday hymns are sung by a group of men dressed in cultural outfits with decorations made from a horse's mane around the Bole area. The early weeks of September bring with them a panoply of festivities. A soft holiday spirit glistens the streets of Addis Abeba, while roaring hordes of shoppers grappling with inflation rates near 30pc do not grace marketplaces like they used to. The tight clampdown on access to foreign currency by the Ministry of Finance which banned the import of 3...


Back
WhatsApp
Telegram
Email