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Judul : AGP Identifies Trillions in Irregularities in Power Sector & Federal Ministries’ Accounts
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AGP Identifies Trillions in Irregularities in Power Sector & Federal Ministries’ Accounts

The Auditor General of Pakistan (AGP) has found mismanagement, irregularities and week financial controls amounting to Rs. 5.8 trillion in the accounts of 44 federal ministries during the audit year 2017-18.

The objections raised by the auditors in the financial accounts of the ministries are 87 percent higher when compared to the audit objections raised during the previous year, which was Rs. 3.12 trillion in accounts of 36 ministries.

The AGP report said the findings were based on scrutiny of public funds of 44 out of 60 federal ministries and divisions. The audit did not cover amounts below Rs. 1 million spent or received by these ministries.

The AGP recovered an amount of Rs. 69.4 billion and deposited the same in the federal consolidated fund.

It found out 39 cases of weak internal control amounting to Rs. 5.775 trillion involving multiple ministries and divisions. The auditors uncovered 82 cases of irregular expenditures or payments amounting to Rs. 24.75bn in violation of rules.

The AGP highlighted 26 cases of weak financial management in another 22 cases related to unsound asset management amounting to Rs. 1.3bn. There were 65 cases of recovery amounting to Rs. 9.12bn, while three cases were reported where record relating to Rs. 3.18bn was not produced on auditor’s demand.

Finance Ministry

Interestingly, the AGP also questioned misrepresentation of more than Rs. 3.89tr in supplementary grants by the Ministry of Finance and the Accountant General of Pakistan Revenue which are required to ensure sound financial management of the federal government.

The AGP report said that under Articles 80, 83 and 84 of the Constitution, the finance ministry was bound to print these supplementary grants which accounted for 92 percent of the total supplementary grants. However, the ministry did not fulfill its constitutional obligation.

The report said that the Finance Ministry was required to place all supplementary grants before the National Assembly for approval but it was not done and such large amounts remained unreported.

Moreover, the AGP noted that the ministries and divisions had incurred an expenditure of Rs. 1.74tr in excess of final grants available to them and in fact the heads and principal accounting officers of the ministries were not authorized to incur excess expenditure without any supplementary grants or within original budget allocation.

SECP, NEPRA, OGRA, PTA and PEMRA Violations

The audit report also highlighted that five regulatory authorities responsible for the country’s five major sectors of economy were themselves violators of the law as they did not pay Rs. 3.12bn to the Competition Commission of Pakistan as 3 percent mandatory regulatory fee.

The regulatory agencies include the Securities and Exchange Commission of Pakistan, National Electric Power Regulatory Authority, Oil and Gas Regulatory Authority (Ogra), Pakistan Telecommunication Authority and Pakistan Electronic Media Regulatory Authority.

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