The latest Auditor Generals report for the year 2014 has revealed that a total amount of 73.6 million Kwacha was misapplied.
This shows an increased compared to the figure of 65 million Kwacha recorded in 2013.
The report of the Auditor General on the Accounts of the Republic for the financial year ended 31st December 2014 is out with an unvouched expenditure of 390 million kwacha compared to a figure of 67 million Kwacha in 2013.
The report also shows issues related to the failure to undertake activities that were funded in amounts totalling 55 million Kwacha under the Constituency Development Fund.
It further highlights the failure to remit statutory contributions by various institutions in amounts totalling 54 million Kwacha.
Unvouched expenditure is where payment vouchers are either missing, unsupported or inadequately supported by relevant documents such as receipts and purchase orders.
The Report has also highlighted Misapplication of funds as the second highest irregularity.
Misapplication arises when Controlling Officers apply resources on activities other than those for which the funds were appropriated by Parliament and for which no authority was sought from the Secretary to the Treasury to vary funds.
The failure to remit statutory contributions mainly comprise the non-remittance of taxes to ZRA and non-remittance of NAPSA contributions both of which attract penalties.
The report also highlights infrastructure projects that were either delayed in being completed or whose executions were not done in line with the contract terms.
In some cases contractors abandoned projects after being paid advance payments and had not returned to construction sites as of December 2015.
The report contains 103 audits, 96 paragraphs are on audit findings while seven are on other matters.
The 96 paragraphs could not be resolved as of December 2015 when the report went for print and 16 reports were resolved administratively.
Meanwhile, the Auditor Generals Office has issued six performance audit reports of which two have since been tabled.
The two reports that were tabled are on the Management and Control of Livestock Diseases and Sustainable Management of Fish Resources in Natural Waters.
These reports interrogate the economy, efficiency and effectiveness of government programs and activities.
This is the level of management this useless Lungu and his PF consider normal.
Zambians must stand up and say no to this carelessness with their money
We cannot allow our hard earned taxes to be squandered like this. No wonder clueless PF have let our Kwacha hit rock bottom!
This money was stolen straight without an attempt to disguise it. Now consider the $10 billion of external loans incurred for “infrastructure” projects which include roads that hardly last a year before potholes appear or the power station that cannot deliver power, and the stolen funds are in billions of dollars. PF has been the most useless govt ever. This tribal kleptocracy has to go!
This is the madness I haves always accused PF of.
Lungu and all his stooges are mad period.
When sych sad news appears all PF minions ku ingile mu bwendo in hibernation.
Even rapist Tayali cant open his mouth at all.Comenting on such issues is where Ka tayali can get credibility.
UPND and HH team will get to the bottom of this.
Too bad, 390 million unvouched expenditure. Its high time people got jailed for such hopelessness. In Botswana failure to account even for five kwacha equivalent you can be jailed for years. Lets get serious with what we are doing as a country. Shaaaa
Waiting for PF vuvuzelas to comment like Katondo boys.Lets hear you justify this robbery from poor Zambians you evil demagogues
They can’t comment, they think like their leaders, stealing and non accoutability is part of life for them.
K73.6million and K390m where is this money pls ba PF? we are dying alive bcoz of the reckless use of public resources.Permanent Secretaries frm all Ministries should be investigated,ACC this is your job y are u sleeping.Immediately the UPND comes into power we willl follow up all thse irregularities.
Why is Lungu quiet on this? He should be directing the ACC to follow up and arrest the culprits. Millions of public money stolen and he is doing NOTHING!
The only thing that we can now believe is that he is quiet because he is also one of the thieves! And he wants to get elected so he can cover up his thievery.
He has really graduated from stealing his clients money, now it is BILLIONS!
Lungu became president after 20th January 2015. UPND=Dullness, Hatred, envy and Jealous. VIVA EDGAR.