NEW MEASURES TO SAFEGUARD STATE COFFERS ANNOUNCED

NEW MEASURES TO SAFEGUARD STATE COFFERS ANNOUNCED

Posted by : Posted on : 10-Jun-2016
Honiara 6 June 2016
 
The  Ministry  of Finance  and  Treasury has  welcomed the  call by the Parliamentary Opposition, urging the government to carry out an audit in each of the Government Ministries following claims that ‘ghost’ companies have embezzled millions of dollars from the state coffers.

In a statement issued by the Ministry of Finance and Treasury it said, We would like to commend the Opposition Leader, Jeremiah Manele, for urging the government to carry out an audit in each of the Government Ministries, following claims that local ghost companies have embezzled millions of dollars from the government over an unspecified time. 
 
We  are certainly  aware  and equally  concerned  that there  have  been instances of ghost companies corruptly gaining financial advantage from the Government.

We are also aware and believe that as businesses grow and the business landscape changes, corrupt business dealings will continue to grow and thus the deterrence of these practices will continue to be a challenge,” the Ministry of Finance and Treasury said.

Against such a backdrop, the Ministry of Finance and Treasury revealed that a lot of effort and resources had been invested into protecting government finances in the past years and these investments will continue to safeguard the state coffers.
 
Source:   Solomon Islands Government Press Release.

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