Cabinet willing to improve financial controls
Jeff Radebe pledges any measures necessary to improve financial controls after the auditor-general’s shock irregular expenditure report
Cabinet is concerned at the increase in irregular expenditure by government departments and their entities, as shown in Auditor-General Kimi Makwetu’s latest report, and is willing to take any measures necessary to improve financial controls. This is according to Minister in the Presidency Jeff Radebe during a briefing of the media on Thursday morning in Parliament on the Cabinet’s meeting. Makwetu announced an almost 80% surge in irregular expenditure to more than R46bn. Radebe said while the 8% overall improvement in audit outcomes among departments and entities should not be ignored, failure to spend finances and procure by the book left the door open for conflicts of interest and rout. International credit ratings agencies are in the country this month to review SA’s sovereign rating amid concerns that the country may be downgraded to junk later next month. Among many issues, they are expected to be looking at things such as irregular and wasteful expenditure. They are also goin...
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