Tighten loopholes


THE government should seal all possible leakages of unspent funds from fraudulent claims that are emptying the state coffers every year.
This has been going on for years amounting to billions of kina being siphoned off within the pre and post closure of the government’s annual accounting system.
In the pre closure of accounts, there is an urge by custodians of public funds in various state organisations to empty all the appropriations before the close of accounts.
Any remnants of funds are locked by Finance at the post closure of payments and emptied through dubious outstanding claims by the end of the given fiscal year.
The cycle repeats itself endlessly without any surpluses or savings rolled over into trust funds.

LG, Observer NCD