Published: 2016 September 13 06:02:12 (20654 Views)

The Zanu PF led government has finally raised an alarm on the gross corruption within the country citing that it is bleeding the economy of millions of dollars in shady deals.

Raising the alarm, Finance Minister Patrick Chinamasa said given the resource constraints in the economy and losses through corruption and mismanagement, it was necessary that more effort be applied to establish robust systems and enforcing rules, regulations and procedures.

This comes after big wigs within government bodies and ministries have been caught off side in a number of situations with no action being taken.

In the public sector, Minister Chinamasa said the Auditor General has revealed rampant corruption and inefficiencies across Government ministries, departments and agencies.

“Corruption is an additional cost to doing business. It scares away potential investors, represents a leakage of resources from the mainstream economy and deprives Government of much-needed fiscal resources,” said Minister Chinamasa while presenting the Mid Term Fiscal Policy Statement last Thursday.

“Our efforts in this regard should be more visible in order to restore and instil public confidence.”

Minister Chinamasa said there was need to enhance follow up on and recommendations of the Auditor General, who has exposed corruption in public institutions.

Auditor General Mildred Chiri has over the last few years revealed that Government may have been prejudiced of hundreds of millions of dollars by a number of public entities.

These include Zimbabwe National Roads Administration, Zimbabwe Mining Development Corporation, which violated good governance practices and standing rules. But despite the revelations, no individuals have been prosecuted over the corruption allegations.

Minister Chinamasa said attention would be placed on redressing revenue leakages at border posts, “as well as in other areas, including leakages involving such natural resource endowments as diamonds and gold.




- Herald

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