Economic Expert Calls for Enhanced Framework for Auditor General’s Report to Combat Financial Irregularities
Economic expert Kelvin Chisanga has emphasized the urgent need for a comprehensive assessment framework to bolster the effectiveness of the Auditor General’s report. Despite ongoing efforts, financial irregularities continue to plague the country’s public finance management, hindering progress and eroding confidence in the system.
Mr. Chisanga pointed out that, year after year, reports of financial mismanagement have failed to diminish significantly. “It’s time we took a holistic view of our annual reporting and the associated framework,” he stated, advocating for a tactical and strategic approach to address these issues effectively.
He stressed the importance of revisiting policy instruments linked to the national audit structure and public finance governance models. This, he believes, is crucial for fostering compliance and driving improvements in critical areas.
The expert highlighted how persistent irregularities undermine trust in public finance management, which in turn affects taxation systems and stakeholder commitment from various funding bodies.
“We need to reassess our budget implementation processes. Often, we operate with the national budget without fully utilizing the final month of each fiscal year to evaluate expenditure objectives against the policy goals initially set,” Mr. Chisanga noted.
Furthermore, he pointed to weaknesses in law enforcement, citing that evidence surrounding certain financial irregularities is not always robust enough to support prosecutions. This lack of accountability only exacerbates the ongoing challenges in public finance management.
Mr. Chisanga’s proposal centers on the establishment of a proper assessment framework for the Auditor General’s report. He advocates for strong policy actions to ensure that economic leakages are sealed and that vital social welfare programs, such as the Farmer Input Support Programme, are adequately protected.
Additionally, he urged the Emoluments Commission, under the cabinet office, to consider necessary amendments to adapt the Emolument Commission Act to the evolving economic landscape. This includes addressing critical payments beyond salary, such as allowances and consultancy fees.
Mr. Chisanga concluded, “Without a solid framework and clear policy direction, we risk perpetuating the cycle of financial irregularities that hampers our national development.”