The auditor-general Kimi Makwetu has once again laid bare the extent of wasteful and irregular spending by the state after on Wednesday reporting that it lost R936m in the 2014-15 financial year to fruitless and wasteful expenditure from R1.2bn the previous year.
In his latest audit report‚ Mr Makwetu says the state spent R32m trying to contain the wastage by cancelling irregular contracts or contracts of nonperformers.
Poor spending choices are a concern as the economy slows down and the Treasury has promised tighter controls on the budget.
‘Frivolous’ spending costs state R1bn
The auditor-general Kimi Makwetu has once again laid bare the extent of wasteful and irregular spending by the state after on Wednesday reporting that it lost R936m in the 2014-15 financial year to fruitless and wasteful expenditure from R1.2bn the previous year.
In his latest audit report‚ Mr Makwetu says the state spent R32m trying to contain the wastage by cancelling irregular contracts or contracts of nonperformers.
Poor spending choices are a concern as the economy slows down and the Treasury has promised tighter controls on the budget.
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