State subsidies and fund administration: irregularities result in monetary losses of 430 million CFA francs

2024-06-10 08:53:11

• Noticed in 15 buildings and public areas in 2023

• Problematic wages, allowances, journey bills and extra bills

• In accordance with a report by the Common Inspectorate of Finance (IGF)

giantThe “police” of the Burkina Faso State Public Finance Management have revealed irregularities within the justifications for granting subsidies or financing to public buildings or sectors by the Burkina Faso State in 2023. Statement of the outcomes offered by the Common Inspectorate of Burkina Faso The Ministry of Finance (IGF) in its normal exercise report printed in April 2024 revealed many irregularities within the administration of those subsidies and the funds acquired.

The IGF inspectors ready the report after conducting 15 investigations and assist missions to make sure sound monetary and accounting administration of public funds. The quantity of economic irregularities recorded was 433,109,535 FCFA. Of this, the quantity of collected assets that weren’t returned was 26,975,830 FCFA. Wage allowances amounted to 38,168,693 FCFA and mission bills amounted to five,071,237 FCFA. Extra payments have been additionally not an exception, totaling 9,39,400 FCFA, and documentation of bills of about 333,193,036 FCFA was required.

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