by Ulande Nkomesha on 14 Oct 2019by Julia Malunga on 14 Oct 2019by Julia Malunga on 14 Oct 2019by Julia Malunga on 14 Oct 2019
by Ulande Nkomesha on 13 Oct 2019by Ulande Nkomesha on 11 Oct 2019by Natasha Sakala on 11 Oct 2019by Sipilisiwe Ncube on 10 Oct 2019
by Zondiwe Mbewe on 14 Oct 2019by Zondiwe Mbewe on 14 Oct 2019by Zondiwe Mbewe on 11 Oct 2019by Zondiwe Mbewe on 11 Oct 2019
- Goal Diggers
by Abraham Kalito on 8 Oct 2019by Abraham Kalito on 7 Oct 2019by By Tim Zulu and Abraham Kalito on 7 Oct 2019by Abraham Kalito on 4 Oct 2019
by Diggers Editor on 13 Oct 2019by Diggers Editor on 11 Oct 2019by Diggers Editor on 10 Oct 2019by Diggers Editor on 9 Oct 2019
- Guest Diggers
by Simon Manda, PhD on 14 Oct 2019by Chisoni Mumba, PhD on 30 Sep 2019by Douty Chibamba on 25 Sep 2019by Chibamba Kanyama on 25 Sep 2019
- Editor's Choice
by Diggers Correspondent on 24 May 2019by Diggers Reporter on 4 Mar 2019by Andyford Mayele Banda on 29 Jan 2019by Davies Mwila on 22 Jan 2019
by Felix Kashweka on 4 Oct 2019by Diggers Correspondent on 28 Sep 2019by Douty Chibamba on 25 Sep 2019by Ulande Nkomesha on 24 Sep 2019
Lungu warns ‘get rich quick’ accountantsBy Mirriam Chabala on 26 Feb 2019
President Edgar Lungu says some accountants have now become enemies of the people because they have involved themselves in financial transgressions to quickly amass wealth at the expense of Zambians.
Speaking when he officiated at the East and Southern African Association of Accountant Generals (ESAAG) annual General Conference at Avani Hotel in Livingstone, President Lungu said accountants played a cardinal role in the transformation of Africa into a prosperous and fast-growing continent.
But he observed that some accountants had now become enemies of the people because they involved themselves in financial transgressions in order to quickly amass wealth at the expense of Zambians.
He bemoaned that most accountants failed to serve according to expectation because they focused on personal interest at the expense of serving the public.
“The role of accountants is cardinal in transforming Africa into a prosperous and fast-growing continent, the Africa we want. For us to achieve this vision, we need to build and put in place the right systems and perform our functions with integrity, professionalism and hard work. I wish to note that failure from most of our accountants to serve the people is not due to lack of knowledge, skill or competence. But it’s because of tided focus on personal interest at the expense of public interests. It is, indeed, disheartening that some accountants have become enemies of the people by involving themselves in financial transgressions in order to quickly amass wealth at the expense of our citizens. Our citizens want to see the taxes that they give to government to be used in national development, which will positively impact on their quality of life,” President Lungu said.
“Our citizens demand good schools, good health facilities, good roads, safe water and sanitation and access to electricity; among other basic human needs. As people responsible for public finances, how do you, therefore, become a force for the good of our people? There is no doubt that you need to become accountable and transparent. You need to ensure that public resources are targeted towards delivery of public goods and services to benefit the people in your respective countries. It is not enough for you accountants to produce financial reports, which our citizens cannot understand. Let us, therefore, endeavour to produce simplified financial reports where citizens can appreciate the link between the taxes paid and the goods and services provided by your respective governments.”
He said the PF government attached great importance to public finance management.
“The theme of the conference if not only appropriate, but also consistent with the public financial management reforms being undertaken in the region. My government attaches great importance to public finance management and the contribution of the East and Southern African Association of Accountants Generals, this is because of its role in enhancing accountability and management of public resources in the region. It is gratifying that Zambia has yet again been privileged to host this very important annual conference after the maiden one that was held in 2010, which was held here at the same venue,” he said.
The Head of State also implored accountants to raise awareness among citizens to take an interest in financial reports to enable them know how resources were being utilised.
“You need to realise that the manner in which your government uses public resources has an impact on development, job creation and indeed production. The Zambian government attaches great importance to public financial management to support our national agenda which is the Vision 2030, we have been implementing a special financial public management programme, which is aimed at strengthening the planning and budgeting process. As government, we have nothing to conceal, therefore, you can rest assured that our country’s parliamentary Public Accounts Committee (PAC) is very active, hence the Executive arm of government is made to answer to any queries with regard to utilisation of public funds. It is very pleasing to note that these reforms have begun to yield fruits in Zambia such as reduction in the number of audit queries,” said President Lungu.
The ESAAG Conference, which was held under the theme: “Enhancing the effectiveness of Public Finance Management Systems in developing countries and emerging economies”, attracted over 1,500 delegates from 14 countries.
About Mirriam Chabala
Mirriam covers current affairs and writes in-depth feature articles on social issues.
Email: mirriam [at] diggers [dot] news
- Debt repayments mustn’t impede social sector spending in 2020 budget – ZTP - 10 Oct 2019
- UPND accuses Siamunene of exploiting hunger crisis to make political comeback - 9 Oct 2019
- Corruption, tribalism must be key prayer points on Oct 18 – CCZ - 8 Oct 2019
- It was impossible to consult everyone on Bill 10 – Lubinda - 4 Oct 2019
- Foote urges Zambian youth to get tested for HIV - 4 Oct 2019
- Too late for Ng’andu to catch the Patriotic Front runaway train (2,066 views)
- Kalaluka fights LAZ's subpoenas against himself, Lubinda (1,130 view)
- UPND starts legal action against PF over "gay rights lies" (1,042 view)
- Don’t blame climate change but corruption for economic crisis - KBF (1,007 view)
- UNZA congratulates Prof Nalubamba on his coronation as senior chief (1,005 view)
- UPND bringing misery, they're praying against rains so that people kick out PF - Lungu
- Lusaka woman denies committing adultery with Patrick, Foreign Affairs PS
- Snake poison confusing Lungu, we've no powers to stop the rains - HH
- PF moves Parley motion to ban UPND for 'supporting gay rights'
- Police lied about Kaoma shooting, with impunity
Subscribe For News In Email
The News Diggers
Deputy News Editor
Plot No. Lus/9812/649-MC8
off Alex Chola Road
P.O. Box 32147
Telephone or WhatsApp:
diggers [at] diggers [dot] news
editor [at] diggers [dot] news
Send this to a friend