Why is the Finance Ministry failing to heed PAC recommendations?

Question

Accepted Answer

The Finance Ministry is Failing to Heed PAC Recommendations Due to a Lack of Action and Respect for Accountability

Transparency International-Malaysia (TI-M) has called for the Finance Ministry to adhere to its own rules and follow the recommendations of the Public Accounts Committee (PAC). TI-M president Datuk Akhbar Satar stated that government bodies must follow PAC suggestions to prevent the misuse of taxpayer funds, highlighting that the Auditor-General's Report consistently raises the same issues without subsequent action. This lack of adherence sends a detrimental message, particularly as the Treasury, the guardian of the nation's financial system, is expected to lead by example.
Lack of Follow-Through on PAC Recommendations

Datuk Akhbar Satar emphasized that all measures proposed by the PAC must be implemented. He pointed out that the recurring concerns in the Auditor-General's Report, which are raised year after year without resolution, indicate a failure to act on these recommendations. This inaction perpetuates the cycle of financial mismanagement and abuse of public funds, suggesting that the established oversight mechanisms are not being effectively utilized.
The Treasury's Role as a Guardian of Financial Systems

Tunku Abdul Aziz Tunku Ibrahim, founder and former president of TI-M, expressed that the Treasury's failure to respect its own rules sends a negative signal to other government agencies. As the primary custodian of the nation's financial system and wealth, the Treasury is expected to set a precedent for accountability and adherence to established procedures. When the Treasury itself deviates from its own guidelines, it undermines the integrity of the entire financial framework and the public's trust in governmental institutions.
Impact on National Integrity and Public Confidence

The perceived lack of seriousness in taking action by the Finance Ministry, as suggested by TI-M, could have significant consequences for the nation's broader objectives. Tunku Abdul Aziz noted that if a government body demonstrates a disregard for accountability, the intended outcomes of national transformation plans may not be achieved. This erosion of integrity and public confidence can hinder progress and negatively affect the country's overall standing and the trust citizens place in their government.

Reading history

Hide →

This history is cleared when the page is closed.

Why is the Finance Ministry failing to heed PAC recommendations?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends