8 May 2008

PNG audit says Bougainville government money gone missing

3:29 pm on 8 May 2008

An auditor general's report shows that millions of dollars in public money has gone missing from Papua New Guinea's Autonomous Bougainville Government since it was set up in 2005.

Illegal account transactions, funds not acquitted, and money used illegally by individuals, have been highlighted by the PNG auditor's report, tabled in March.

PNG's Post Courier newspaper reports the ABG could not confirm whether the money missing from 2005 and 2006 had been lost due to criminal activity or accounting errors.

The report states that an unsigned and unapproved copy of the budget book detailing the estimates of revenue and expenditure provided for the ABG revealed an original budget appropriation of 36 million US dollars.

But the review of the expenditure and commitment ledgers shows an original appropriation of just 26 million US dollars.