Management of public funds must be transparent, Lithuanian president says

According to the president, routines audits are not sufficient in order to ensure a transparent use of public funds. Once it receives any information about cases of potential abuses and pocketing, the National Audit Office must react promptly and carry out expeditious audits at its own initiative.

“The National Audit Office must act as a certain watchdog of public funds, protecting them and ensuring a transparent and responsible use of funds, preventing any cases of abuses and pocketing. It must also take preventive measures so that funds from the state budget do not become a source for cashing in,” the president is quoted in the presidential press service’s release.

Related Post

A study conducted by the National Audit Office in early 2015 revealed a common but vicious practice when public servants conclude additional job contracts with an institution which is already their employer. According to Grybauskaitė, such practice of paying twice for the same job is not in line with transparency requirements set out for public servants and prevents ensuring a rational use of the EU funds.

Share

Recent Posts

  • Latest

Prosecutor’s Office announces the fate of the four missing US soldiers: death investigation launched, still silence from the services

On March 31 morning, Minister of National Defence Dovilė Šakalienė announced that an M88 armoured…

8 hours ago
  • Latest

A few questions to Mr. Putin, Mr. Trump and all those calling for “peace at all costs”

I admit it: I’m not that type of person who follows domestic and international politics…

1 week ago
  • Latest

Message from the President’s Office to Paluckas on Žemaitaitis

While Prime Minister Gintautas Paluckas does not take issue with the statements made by the…

2 months ago
  • Economy

Surprised by what’s happening in Lithuania: this is what makes us stand out in the EU

Lithuanian economists are surprised to see our country's economic growth: the Estonian economy has been…

2 months ago
  • Politics

Will the coalition shut the door on Žemaitaitis?

"The fate of Nemuno Aušra (Dawn of Nemunas) in the coalition has been decided; they…

2 months ago
  • Tribune

Airvolve has begun the patenting process for an exclusive aircraft

Airvolve, a Lithuanian dual-purpose aeronautics company, has successfully completed its first round of testing and…

2 months ago