Sunday 26 April 2009

Saudi auditor seeks king’s help to boost fiscal accountability

The country’s top anti-corruption agency sought the king’s intervention last week in recovering public funds from other state agencies, saying that it required his continuous support to carry out its duties in “an unbiased and objective manner”.

The head of the general auditing bureau, Osama Faqeeh, told King Abdullah during a meeting on April 19 that the expansion in government expenditures on development projects and large-scale investment programmes across the country requires more co-operation among government agencies.

Saudi Arabia announced during a G20 summit in London this month that it was embarking on a plan to spend US$400 billion (Dh1.46 trillion) on infrastructure projects during the next five years.

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