US$1.7bn hidden debt sparks Treasury crackdown
…Treasury launches sweeping arrears audit …as weak state systems choke fiscal space
LIVINGSTONE MARUFU Treasury is set to launch an unprecedented audit of government arrears after uncovering US$1.7bn in unvalidated expenditure, a revelation that senior officials privately concede has rattled confidence in the state’s financial controls and deepened concerns over governance failures at the heart of the public sector. The move, disclosed by Finance Minister Professor Mthuli Ncube, follows…
