Friday, October 09, 2009

More good news on State finances, we're still at "dire"

Auditor general Terence Nombembe asked cabinet on Thursday to give special attention to government's weak financial management, which has shown little improvement over the last five years. [yeah, ask a parleymunt led by a criminal, full of criminals to watch over the fiscal safe..they'll give it "special attention" - of the wrong kind]

Briefing parliament on trends he noticed in the latest audit season, Nombembe warned that the vast majority of government departments fail to practise the basics of daily accounting.
["trends he noticed"...? You need a trend my friend? Duh comment]

Nombembe
flagged poor asset management, meagre internal controls and "disregard" among officials for applying the financial management legislation they are obligated to as key concerns. [lol..! fu*king baboons..]

Nombembe said the situation not only affected government credibility, but also hampered its ability to make informed decisions on crucial planning and budget issues.
[eish, no muney, no water, no elektrisity, hau..must demund, throw rocks, burn tyres]

Nombembe said that also was the reason why 70% of all government departments fail to pay debtors on time.
[Well I never...govt depts need to collect money and manage their finances so they can pay for services..?! ]

Aside from slack oversight on the part of cabinet and parliament, Nombembe said the situation was exacerbated by poor human resource management.
[yeah, "human resource management" entails basically removing competent whites and replacing them with friends and relatives of the minister]

Audit outcomes disappoint

Of all national and provincial departments,
80% have either inadequate or no human resource plans, high vacancy rates in critical skills, fail to make background checks on employees and consistently overspend on their human resources budgets. [why does one need to background check one's family and mates..tsk]

Nombembe's analysis covered 32 national departments (31 have yet to submit their financials for auditing), 112 provincial departments, 109 provincial entities, 10 legislatures (including parliament) and 162 other public entities.
[in other words, the whole enchilada]

In 2004/05 there were 94 financially unqualified opinions with "other matters" or issues of concern. This increased to 97 last year. The number of qualified audits were 43 in both years. There were 10 disclaimers and adverse opinions issued in 2004/05 compared to six last year.

Nombembe said when his officials started working on audit outcome comparisons between the 2004/05 and 2008/09 years, they were fully expecting to see dramatic improvements - but this was not to be. [take a number, join the queue..]

"This is where you see a picture that looks static. Very few departments have moved into a situation considered the ideal, which is clean audits. There is only a marginal improvement," he said.
[static as in "fookall is happening?"]

"But the momentum is far too slow and an injection of serious effort is required if government is going to achieve a significant improvement in the next financial year."
[a nuclear bomb wouldn't shake these baboons from their slumber. See you at the same place with the same report next year if we're not broke first] - Fin24.com

2 Opinion(s):

WHITEADDER said...

At what point does it become a moral duty to deny morons and thieves our hard earned tax money?
In my book we have been there already latest when pocket Napoleon Mbeki bought a new aircraft for his magnificence. The thoroughly currupt and financially insane armsdeal was one of the negative highlights in a chain of a squandering frenzy by our lunatic leaders.

Anonymous said...

They can ask Mandela to give some of his money back from his childrens "fund". That should put SA back in the black.