MICT underspent by N.dollars 7.8 million

28 Jun 2019 13:00pm
MICT underspent by N.dollars 7.8 million
WINDHOEK, 28 JUN (NAMPA) – The Ministry of Information and Communication Technology (MICT) underspent N.dollars 7.8 million during the 2018/19 financial year (FY) according to its audit report which was submitted to the National Assembly on Tuesday.
Prepared by Auditor General Junias Kandjeke, the report was submitted to the August House by Minister of Finance, Calle Schlettwein.
In the report, Kandjeke lamented that the unused money could have been diverted to other important programmes during the period under review.
“These funds could have been utilised for other projects in the country or used to pay for the outstanding commitments that were postponed to the next financial year in order to be used by other offices, ministries or agencies,” Kandjeke is quoted in the report.
During the period in question, the Ministry was allocated N.dollars 345 897 000 million while in 2019/20, MICT’s budget was revised downwards to an amount of N.dollars 321 148 000 million.
More so, during the period under review, the report further shows that subsistence and travel allowance (S&T) advance suspense account stands at N.dollars 330 714.17 while the debit balance list indicates an amount of N.dollars 358 179.71.
This translates into an unexplained difference of N.dollars 27 465.54, which was unaccounted for at the time of the audit.
The report further revealed that the ministry reported incorrect information about stores and depots that N.dollars 479 734.16 was received as there were no supporting documents.
The report recommended that the Accounting Officer should put measures in place to avoid under expenditure and ensure that planned programmes are implemented.
(NAMPA)
PT/HP/EK/