Chairperson, according to the Special Investigating Unit, SIU, R30 billion leaks from the public financial system per annum. The Auditor-General has found that fruitless and wasteful expenditure continues to increase. This indicates systemic problems in the financial management of the people's money.
The National Treasury set an objective to present 150 training courses and workshops on the implementation of financial management reforms and trained 3 000 individuals to assist in this process. Thirty-one training courses were completed and 1 398 individuals were trained in the first six months to September 2011.
Will the objectives for 2011-12 be met and what improvements can we expect in the financial management of the people's money as a result? Thank you.