THE ACCOUNTS of about 50 state agencies are not included in the Government’s financial statement, Auditor General Leigh Trotman has stated.
The majority of these agencies rely on the Treasury for the funding of their activities and there should have been a consolidation of these accounts.
The Auditor General noted that many of these agencies have large outstanding commitments such as loans and other payments, which could make a significant difference to the overall picture of Government’s financial situation, if the required consolidation were to take place.
“During 2015 my office undertook a survey of the level of indebtedness of these agencies, in order to obtain an understanding of their potential impact on the overall picture of Government’s finance,” Trotman said. (ES)
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