© All rights reserved. NepalKhabar

Business

OAG uncovers massive Rs 733.19 bln irregular expenditure

Nepalkhabar

Nepalkhabar

 |  Kathmandu

The Office of the Auditor General (OAG) has revealed financial discrepancies worth Rs 91.6 billion during its audits of federal, provincial, and local government bodies, as well as committees and organized institutions in the last fiscal year. The audits covered transactions totaling Rs 9.462 trillion.

At the federal level, examinations of 3,093 government offices, involving Rs 3.116 trillion, detected irregularities of Rs 47.74 billion, accounting for 1.54% of the audited amount. Provincial audits of 1,165 offices, covering Rs 3.86 trillion, found Rs 4.20 billion in misappropriation, or 1.36% of the total. Meanwhile, local- the audited sum.

Additionally, audits of 695 committees and institutions, involving Rs 522.13 billion, exposed Rs 14.33 billion in discrepancies.

The OAG also reviewed 43 organized institutions with transactions worth Rs 4.407.

The report highlighted unresolved irregularities amounting to Rs 733.19 billion, including pending revenue dues of Rs 472.35 billion, unsettled foreign grants worth Rs 669.86 billion, and overdue foreign loans totaling Rs 14.33 billion.

The OAG recovered Rs 14.48 billion this year but emphasized the need for stricter enforcement to address the remaining financial discrepancies. Authorities have been urged to take prompt action to resolve the pending cases.



Comments

Related News

Finance Minister directs SEBON Chair to prioritize investor protection, market reform

Minister for Finance, Dr Swarnim Wagle, administered the oath of office and secrecy to newly appoin…

Nepal forms Parliamentary Friendship Group with Azerbaijan

Nepal has formally established a Nepal-Azerbaijan Parliamentary Friendship Group, marking a new ste…

10,845 EVs worth Rs 25.55 billion imported in 11 months of current FY

Ten thousand eight hundred and forty-five electric vehicles worth Rs 25.55 billion have been import…

DGO OTT secures global streaming rights, expands int'l reach

In a major breakthrough for Nepal’s digital entertainment sector, DGO OTT has officially rein…
Copyright © 2021 Nepalkhabar. All Rights Reserved. Designed by Curves n' Colors. Powered by .