Africanian
  • Home
  • News
  • News 24/7
  • Business
  • Sports
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
  • Home
  • News
  • News 24/7
  • Business
  • Sports
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
Home Business

National Audit Office decries poor funding

Acting Auditor General, Rexie Chiluzi, said the institution needs additional K1 billion to cater for audits and other operations.

National Audit Office decries poor funding
Share on FacebookShare on TwitterShare via Whatsapp

The National Audit Office (NAO) has lamented what it has described as poor funding allocation in the 2020/2021 financial budget a thing which it says will have an adverse effect on its operations.

Unlike other institutions such as the Anti-Corruption Bureau (ACB) which have been supported to effectively operate, NAO’s budget estimates have been reduced by K172,969,440.

“Demand for production of performance audit reports is increasing. Currently, NAO has six performance audit projects with the current staffing levels of 21 officers. NAO needs extra K150 million to effectively undertake these audits,” Chiluzi said.

He also disclosed that with the reduction of resources in the current estimates, the institution will have challenges in auditing embassies as the government is currently recalling most staff hence the need for proper audits.

“In 2019/2020 NAO audited four embassies and three consulates. In 2020/2021 we plan to audit 10 embassies and consulates which have not been audited since 2016, in order to have a comprehensive analysis of how government resources are being used,” Chiluzi said.

Chiluzi, who appeared before the cluster committee of Budget and Public Accounts (Pac), further said that the budget estimates have not provided for development projects despite having plans to commence construction of an office complex at a cost of K5.8 billion.

Pac chairperson Shadreck Namalomba said it is worrisome that NAO has received budget cuts despite its crucial role in dealing with maladministration of finances in government ministries, departments and agencies.

“With the interface that we have had, we have agreed that at a minimum, we would want them to justify the increase. We want the audit of local councils and embassies to be prioritised and we have also asked them to include resources for some parastatals such as [National Oil Company of Malawi], [Malawi Energy Regulatory Authority] and [Malawi Communications Regulatory Authority] which were not previously audited,” Namalomba said.

The 2020/2021 budget estimates for NAO have been pegged at K2.2 billion.

Source: times.mw

RelatedPosts

Somalia transforms Doolow with a plan to support vulnerable households

Somalia transforms Doolow with a plan to support vulnerable households

December 4, 2025
Spain: Three women lead global innovation and communications at ReactID

Spain: Three women lead global innovation and communications at ReactID

November 28, 2025
Visa boosts global payments in USDC through Aquanow integration

Visa boosts global payments in USDC through Aquanow integration

November 28, 2025
Ghana transforms its agriculture thanks to Joshua Toatoba’s Model

Ghana transforms its agriculture thanks to Joshua Toatoba’s Model

November 20, 2025
Clean water restores dignity to rural communities in The Gambia

Clean water restores dignity to rural communities in The Gambia

November 10, 2025
DRC: Maluku, the new industrial zone driving resilience

DRC: Maluku, the new industrial zone driving resilience

November 7, 2025
Afriex and Visa Direct accelerate $669B in Remittances with Real-Time Payments

Afriex and Visa Direct accelerate $669B in Remittances with Real-Time Payments

November 6, 2025
NEPAD-IPPF: 20 years connecting Africa and transforming lives

NEPAD-IPPF: 20 years connecting Africa and transforming lives

November 5, 2025
Brazzaville gears up to shine in 2026

Brazzaville gears up to shine in 2026

November 4, 2025
Africanian News Is a dedicated project aimed at amplifying the voices of the African Ecosystem and Diaspora. We actively collaborate with initiatives to improve access to education and digital inclusion, both in traditional schools and through digital platforms, for African children.

It’s crucial to emphasize that none of the articles or images featured on our platform are intended for copyright infringement, neither now nor in the future.
If you believe that any information, text, image, etc., may be subject to copyright and should be removed, please notify us by sending an email to: [email protected]

News Categories

  • America (39)
  • Asia (131)
  • Business (1,232)
  • Culture (227)
  • Destinations (210)
  • Europe (153)
  • Food and Drink (14)
  • Guides & Tips (20)
  • Health (629)
  • Hotels (5)
  • Meetings and Tech (349)
  • News (2,534)
  • Opinion Piece (12)
  • Russia (73)
  • Science (62)
  • Sports (311)
  • Style (4)
  • Travel (145)
  • US (107)
  • World (422)

Your dreams matter; your stories matter.

Feel free to explore collaboration opportunities with us. Share your articles, thoughts, interviews, experiments, or no-comment videos by reaching out to [email protected].

You can also subscribe to our mailing list to receive the latest updates from Africanian News.

Newsletter

© 2025 Africanian News.

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Meetings and Tech
  • World

© 2025 Africanian News.