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Archive for May 5th, 2008

$A400m missing from PNG finance dept


Image credit to google

More than 1 billion kina ($A400 million) has gone missing from Papua New Guinea’s finance department over the past 10 years.

The revelation by PNG’s Auditor General came alongside a warning that accounting and reporting systems in all government departments had collapsed.

Australia - which is PNG’s largest aid donor - had six senior bureaucrats and other advisors in the country’s finance department during the time the billion kina went missing. Read more

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