SAARC Audit report failed to account for grant aid: MDP
30 Jul 2013, 4:35 PM
Mohamed Naahee
The opposition Maldivian Democratic Party (MDP) has slammed an audit report on the expenses of the 2011 SAARC Summit released recently by the Auditor General, alleging the report was factually inaccurate and had based its findings on erroneous information.
The report (Dhivehi) – compiled through audits of expenditure by the Ministry of Housing, the Ministry of Foreign Affairs, the President’s Office and the Maldives National Defense Force (MNDF) – revealed several financial discrepancies by then MDP-led government including an overspend of more than MVR 430 million (US$27.9 million) on the event’s allocated budget.
The report claimed that former President Mohamed Nasheed’s government spent MVR 667,874,870.84 (US$ 43.3 million) on the summit – 188.82 percent more than the MVR 231,240,000 (US$14.99 million) budget passed by parliament.
Others inconsistencies included payment of MVR 61.8 million (US$4 million) more the amount agreed for the construction of the Equatorial Convention Centre built for the summit, financial losses incurred by the government, violations of Public Finance Act and Public Finance Regulation and wasteful spending.
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