The Contingencies Fund continues to be abused with $510 million withdrawn from the fund in 2013 for ventures that did not meet the criteria.
In the Auditor-General’s report for 2013 which was laid in the National Assembly yesterday, Auditor-General Deodat Sharma noted that in his previous reports, he had highlighted instances where the criteria were not fully met for advances issued from the Contingencies Fund as defined in Section 41 (3) of the FMA Act.
“While it has been observed that there has been closer monitoring of these advances, the situation still existed and for the
