Department of Enterprise Development and Management

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Browsing Department of Enterprise Development and Management by Author "Dax, Hedwig Marine"

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    The evaluation on the trend of existence of unauthorized expenditures in central government of Namibia
    (University of Namibia, 2020) Dax, Hedwig Marine; Pazwvakawambwa, Lillian
    Unauthorised expenditures have been a common dilemma occurring in the central government ofNamibia and other countries. The objective of this study was to examine the trends of unauthorised expenditure, determine the root causes, and propose strategies to reduce this unauthorised expenditure. Unauthorised expenditure patterns by 0 /M/ As were evaluated using descriptive statistics in the form of charts and tables. Trend analysis was based on Auditor-General reports for the period of 2004-2014. Qualitative content analysis included establishment of causes of unauthorized expenditure; controlling and monitoring mechanisms; awareness of policies and regulations and current fmancial systems in use. The study revealed that the unauthorised expenditures were occurring because of non compliance with existing and used acts, policies, laws, rules and regulations. Unauthorised expenditures were caused by dishonesty and disrespectfulness towards the usage of these acts, policies, laws, rules and regulations. Existing acts, policies, laws, rules and regulations should be renewed, amended or else the government introduces other regulations. This could be done through migrating from the existing fmancial framework which is the State Finance Act, 1991 (Act 31 of 1991) with its regulations. Honesty, transparency and accountability should be practiced and promoted in the development and disclosure of financials to make them easier and user friendly. In addition the internal controls already in existence surrounding these unauthorised expenditures need to be adhered to, namely: Virementation, whereby underspending (savings) should be utilised fully to diminish overspending (unauthorised expenditures) in support of proper planning and financial management. It further recommends each 0 /M/ A to develop a monitoring and evaluation policy framework and regularly carry out monitoring and evaluation on financial systems and books.