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£239M pension failure shows risks of government outsourcing deals UK ministers admit Capita's £239M pension scheme takeover was unprepared at launch, leaving 1.5M civil servants in payment chaos for months.

£239M pension failure shows risks of government outsourcing deals

#CapitaFails #PensionCrisis #UKGov #PublicAccounts #AusNews

thedailyperspective.org/article/2026-03-29-239m-...

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Grootfontein in the dark over N$8.9m discrepancy  Hertta-Maria Amutenja The Grootfontein municipality has come under scrutiny following revelations in the auditor general’s report highlighting a significant discrepancy of over N$8.9 million between the bank balance reported in its financial statements and the reconciled cash book balance.  During a recent public hearing convened by the parliamentary standing committee on public accounts, officials were questioned over the variance, as well as several other irregularities identified in the financial year under review. According to the auditor general Junias Kandjeke’s findings, the financial statements for the 2019/2020 financial year reflected a bank balance of N$11.1 million. However, the actual reconciled cash book balance stood at only N$2.2 million, creating a difference of N$8.9 million. Committee members asked whether the municipality had investigated the reason for this discrepancy and, if so, what actions had been taken. “Has the Council investigated the reason for the difference? If yes, provide proof,” one of the questions posed to the municipality read.  The committee further demanded documentary evidence showing the actions taken to address the matter, including the recovery of any unaccounted funds. The committee also queried why the municipality’s finance department was still not adequately staffed despite ongoing audit recommendations.  According to the report, the finance department remained understaffed and lacked adequately trained personnel in key positions, which negatively impacted compliance with applicable laws and financial controls. The committee requested evidence of whether the municipality had since filled the critical vacancies or developed any plans to address the situation. In another area of concern, the auditor general found that the municipality’s fixed asset register was incomplete and lacked vital information such as serial numbers, dates of purchase, or itemised descriptions.  The committee asked the municipality to submit an updated asset register and confirm whether such omissions had been corrected in subsequent years. The hearing also revisited the finding that salary expenditures were overstated by N$320 248 due to incorrect journal entries. Questions were raised about whether corrective accounting entries had been made and if those responsible had been held accountable. Additionally, the municipality’s trade and other receivables were found to be overstated by N$1.6 million. The committee asked for a breakdown of how this amount arose and whether it had since been corrected. A further issue highlighted was the understatement of trade and other payables by N$2.2 million, which the committee noted could materially affect the financial position of the municipality. It sought to understand whether the Council had investigated this misstatement and what steps had been taken to correct it. Questions were also raised regarding non-compliance with section 87(1) of the Local Authorities Act, which requires municipalities to submit annual financial statements within three months after the end of the financial year. Grootfontein reportedly failed to meet this requirement, prompting the committee to ask for explanations and measures taken to improve compliance. Grootfontein has previously faced governance issues.  In 2022, the then minister of urban and rural development suspended the then chief executive officer Kisco Sinvula over allegations of misconduct, although the case was later dropped due to insufficient evidence. The public hearing is part of the standing committee’s routine examination of audit reports, aimed at ensuring public funds are properly accounted for and that local authorities implement audit recommendations.

#Grootfontein #Municipality #FinancialDiscrepancy #PublicAccounts #AuditorGeneral

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Keetmanshoop municipality audit hearing halted Keetmanshoop municipality audit hearing halted NBC Online Wed, 07/16/2025 - 21:56

#Keetmanshoop #AuditHearing #PublicAccounts #EconomicOversight #Municipality

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Brazil to present fresh fiscal package in bid to balance public accounts hereremove ads Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Click Subscribe. #Brazil #FiscalPolicy #PublicAccounts #Economy #Finance

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Brazil finance minister to present measures for public account balance Investing.com -- Brazilian Finance Minister, Fernando Haddad, announced on Tuesday that he intends to present a set of "structural, lasting measures" to President Luiz Inacio Lula da Silva. These measures are aimed at helping to balance the country’s public accounts. The announcement comes as investors have been eagerly waiting for new initiatives, following the government’s decision last month to increase taxes on certain financial transactions. This move, intended to meet fiscal targets, faced criticism and potential reversal from lawmakers. While Haddad did not provide immediate details on these new "robust" measures, he confirmed they have received support from congressional leaders. The measures will undergo some refinement in a meeting with President Lula before an official announcement is made. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Click Subscribe. #Brazil #Finance #PublicAccounts #EconomicMeasures #BudgetBalance

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Nida fails to explain free supplies to private distillery Erasmus Shalihaxwe The Namibia Industrial Development Agency (Nida) has failed to explain why Naute Kristel Distillery, a wine-producing farm owned by a private tenant, continues to receive free raw materials from the Naute Irrigation Project. This is according to a report by the National Council Standing Committee on Public Accounts and Economy on agro-projects across the country.  The committee found that the distillery receives free grapes and dates from the Naute Irrigation Project, along with free water and electricity.  The Naute Irrigation Project, managed by Nida, is located about 50 kilometres southwest of Keetmanshoop, in southern Namibia. It lies just below the Naute Dam wall. The project began in 1990, with the first date palms planted in 1991.  The project established itself as a commercial agricultural enterprise.  It mainly grows dates and grapes, with pomegranates and prickly pears produced in smaller amounts. Grapes are harvested between November and January, and dates are picked from February to May. The committee report follows media reports suggesting that produce not fit for export or local markets is used to make liquor and gin for export at the distillery. The committee, chaired by Peter Kazongominja, said many Nida projects are in poor shape. During visits to Nida sites in the //Karas Region, the committee found widespread neglect and vandalism.  The committee stated that Nida’s failure to pay for water and electricity led to the abandonment of many projects. The Naute Irrigation Project runs on a monthly petty cash fund of N$5,000.  The committee said this amount is too little to cover basic farming needs. In the Otjozondjupa Region, the committee found no running water at the Biomass Project in Otjiwarongo, the Otjiwarongo SME Park, and the Omulunga SME Park in Grootfontein.  Nida’s non-payment led to the suspension of water services.  A warehouse storing animal feed, maize grain, and feed crushing machines at the Biomass Project has remained open and unsecured since the committee’s last visit in 2023.  Other machines were kept in an old, unsecured building outside the project site. At the Manjeha Crocodile Farm in the Zambezi Region, the committee noted that the National Youth Service had built a new fence in September 2024 at a cost of N$1.25 million.  The fence was meant to protect the farm from wild animals and vandalism.  Despite this, the project appeared abandoned, with broken lights, damaged roofs, and incomplete buildings. In Kavango West, the committee noted some progress since their 2023 visit.  The farm now receives a steady supply of diesel, cattle feed, medicine, N$5,000 monthly petty cash, and two new vehicles.  About 98 to 99% of the cattle are tagged. But the committee found only 52 bulls for 4,001 cows, far below the recommended one bull per 25 cows. Kazongominja said the poor state of infrastructure and weak management across Nida projects show an urgent need for better oversight and improved resource allocation.

#Namibia #AgroProjects #PublicAccounts #ErasmusShalihaxwe #Nida

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چیئرمین پبلک اکاؤنٹس کمیٹی نوٹس، اجلاس 5 مئی کو طلب کرلیا

مزید پڑھیے: www.aaj.tv/news/30458074/

#AajNews #KPKCorruption #40BillionScandal #PublicAccounts #PACNotice #Embezzlement #Accountability

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Yesterday, during a meeting of the Public Accounts Committee, I asked a question to representatives from the Ministry of Justice UK about the impact of radon on the moors and how this affects prison capacity, specifically in the South West.

#Parliament #PublicAccounts #UK #Prisons

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