An audit of Singapore’s Covid-19 expenditure has scrutinised $33.2 billion out of the $72.3 billion spent in the 2020 and 2021 financial years, and did not uncover major lapses, said the Public Accounts Committee.
An audit of Singapore ’s Covid-19 expenditure has scrutinised $33.2 billion out of the $72.3 billion spent in the 2020 and 2021 financial years, and did not uncover major lapses, said the Public Accounts Committee . The parliamentary watchdog presented its findings in a report released on Jan 18 after it reviewed the two-part audit by the Auditor-General’s Office (AGO).
“Given the substantial spending under extenuating circumstances and a fluid crisis situation, the committee acknowledged and commended the overall effectiveness of the risk management processes in place,” it said.The AGO’s annual audit of government accounts for the 2021/2022 financial year released in July 2022 hadin relation to their Covid-19 spending. These resulted in lapses such as possible salary overpayments, inadequate checks on price reasonableness in contracts and discrepancies in payment claims. These findings were based on a thematic audit on samples covering 18 per cent of the total Covid-19 expenditure by the three agencies, which spent $
Singapore Covid-19 Expenditure Audit Lapses Public Accounts Committee
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