Loopholes worry Magande
Posted on August 7th, 2008
The Minister for Finance is worried that resources released by his ministry are not achieving their intended goals because of certain loopholes. Ng’andu Magande has urged accountants to detect these loopholes for Government to make improvements in all social economic sectors.
The minister said this in Livingstone in a speech read by Acting Secretary to the Treasury, James Mulungushi. This was at the Zambia Institute of chartered Accountants ZICA-CIMA Annual Business Conference. Mr. Magande said Government appreciates the role accountants play in ensuring that resources are channeled to the intended developmental projects.
And ZICA president, Chintu Mulendema said the European Union has given the Institution a 250 thousand Euros grant to establish a monitoring department. He said the department will be able to monitor professional accountants in the industry.
[ZNBC]
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