The particular analysis of how to address the accumulated debt of certain state-owned enterprises (SOEs) has raised concerns at the Office of the Federal Auditor General (OFAG).
The Auditor General of OFAG, Meseret Damte, appeared before parliament earlier this week to present the audit findings for the 2022/23 budget year.
Based on the performance audit evaluation at Public Enterprises Holding and Administration (PEHA), she stated that there are gaps in the process of transferring SOEs’ debt to the government, which led to the establishment of the Liability Asset Management Corporation (LAMC) to manage the debt of selected enterprises.
She mentioned that before the debt was transferred to the government, there were no assessment documents available at PEHA or the SOEs
Read More👉🏾 https://www.capitalethiopia.com/2024/06/24/auditor-general-raises-concerns-over-debt-transfer-process-for-state-owned-enterprises/
Source: Capital Ethiopia
