Auditor General Report Reveals Poor Financial Management

Jul 1 , 2023


A new audit finding from 131 public offices shows that the overdue receivables have reached a new high of 15 billion Br. The figure shows a 15pc surge from last year and a staggering 114pc increase from a couple of years ago. The Federal Auditor General, Meseret Damte, who presented the audit report to Parliament last week, disclosed that the Ministry of Health takes a quarter of the amount with 4.5 billion Br. The expense reimbursement amount from the 86 federal offices accounts for only 0.65pc of the expected figure which stands at 6.88 billion Br. "It reached a new low," said Meseret, recalling last year's re-paid amount of 1.02 billion Br. The report also revealed that from the 164 audited offices, the auditor general categorised 19 as unqualified where six of them could not provide sufficient documents. According to Meseret, the number showed a 51pc decline from last year. The audit identified unutilized budgets, illegitimate procurements, and unaccounted expenditures worth of 2.95 billion Br. Tsehay Bekele, a member of the Standing Committee for Public Expenditure Administration & Regulation, enquired if solutions have been thought through to improve the institutions with stark financial gaps. Meseret said the Office of Auditor General will take measures in cooperation with the Ministry of Justice. She noted that even though there have been marked improvements, a lot more work needs to be done in managing their finances.


Radar

Dashen Bank Rolls Out Mobile Payment Solution

Dashen Bank has introduced a new digital payment service that allows customers to pay for fuel with ease using the Dashen Super mobile app. The service was officially launched on May 13 and is now available at every fuel stations. According to the bank, the Dashen Super app enables users to make payments in just three clicks, offering a fast and convenient alternative to traditional payment methods. Dashen Bank announced that it plans to expand the service across all fuel stations in the coun...


Radar

Four Key Agreements Passed in Parliaments 29th Regular Session

In its 29th regular session of the fourth year, Ethiopia's 6th Parliament approved four key agreements: two loan deals, the establishment of a finance corporation, and an air transport agreement. Assistant Minister of State for Finance, Meseret Haile, introduced the proposed loan agreements and requested they be sent directly to a second reading for discussion and approval. Parliament accepted the request and proceeded with a detailed discussion on the draft proclamations. Members of Parli...


Radar

New Pact Targets Rural Road Links, Food Security Goals

The Ministry of Urban Development and Infrastructure has signed an agreement with several federal institutions to launch a major project targeting rural connectivity and food security. At the signing ceremony, State Minister Yetmegeta Asrat represented the Ministry alongside officials from the Federal Ethics and Anti-Corruption Commission, the Federal Public Procurement and Property Authority, the Environmental Protection Authority, and Helvetas Ethiopia. A separate agreement was also signed...