News round-up: Middle East & Africa (October 1-5)

5 Oct 12
Public finance stories from the Middle East and Africa you might have missed this week.

Public finance stories from the Middle East and Africa you might have missed this week.

South African communications bodies receive qualified audits again

The Independent Communications Authority of South Africa and the South Africa Broadcasting Corporation have received qualified audits for the second year in a row, it has emerged (Business Day).

 

Zambian Patriotic Front's stance on graft fight ‘solid'

The Zambian government has approved policy changes aimed at eliminating the abuse of imprest [petty cash] by public officers and that it will fearlessly pursue the perpetrators of fraud to safeguard funds for national development (Times of Zambia).

 

IMF urges Ethiopia to address macroeconomic imbalances

Executive directors of the International Monetary Fund have urged the Ethiopian government to address macroeconomic imbalances caused by the authorities’ public sector-led development strategy (New Business Ethiopia).

 

Egypt's finance minister says budget deficit is E£170bn

Finance Minister Momtaz al-Saeed has revealed that Egypt’s budget deficit is currently 170bn Egyptian pounds, which is higher than the E£135bn predicted when the budget was introduced (Egypt Independent).

 

Iraq's 2013 budget allocates considerable amount to oil sector

The Iraqi Ministry of Finance estimates that the 2013 budget will be around 138 trillion Iraqi dinars (Rudaw)

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