The National Audit Office has raised significant concerns regarding the government’s financial statements, revealing that in the past 16 years, an astonishing 67 percent of the assets, totaling 5,530 billion rupees, were neither identified nor accounted for.
These assets had been presented in the financial statements as constructions, physical acquisitions, or other investment acquisitions, amounting to a staggering 8,199 billion rupees.
This glaring discrepancy spans the period from 2005 to 2014 when non-financial assets were not properly accounted for. It was only in 2015 that the government began to implement asset accounting practices.
Even after the introduction of asset accounting, a substantial portion of the assets in the financial statements remained unaccounted for, raising questions about transparency and accountability.
However, the audit report does indicate that progress has been made, with 1,850 billion rupees being successfully identified and accounted for as non-financial assets in the 2021 financial statement.
