ISLAMABAD-Ministry of Finance today refuted news reports appearing in a section of the press, claiming that the first audit report of the present government reveals irregularities and corruption amounting to 270 billion rupees by 40 government departments and ministries during FY 2018-19.
In an official statement, describing these reports categorically as baseless, misinformed and erroneous, the Ministry of Finance said that the Audit Report for FY 2019-20, like all audit reports, consists of preliminary observations.
The statement said, the audit report it identifies some gaps in completing formalities while processing different cases by government entities and indicates various shortcomings in the provision of documents to the audit teams in certain other instances.
But to conclude that each procedural deficiency is tantamount to corruption is incorrect and misleading.