The irregular expenditure of the South African government's national and provincial departments has increased to more than R60bn, while material financial losses amount to R2.8bn, the Auditor General revealed on Wednesday.
Irregular expenditure increased to R62.60 bn from the R51bn reported the previous year – an increase of more than R10bn.
“Material irregularities stem from non-compliance with legislation, but has a broader scope than irregular expenditure and can be applied to fraud, theft and a breach of fiduciary duty, meaning that an official did not comply with legislation. Material irregularities also differ from irregular expenditure in that the non-compliance results in a material financial loss.
"Government cannot afford to lose money because of poor decision-making, neglect of inefficiencies; however, we continue to see a rise in fruitless and wasteful expenditure," Makwetu said.
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Fruitless and wasteful expenditure
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