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Kuwait Audit bureau gives approval for 698 projects worth US$ 1.12 billion

The Audit Bureau has approved up to 698 projects worth KD 1.12 billion (US$ 3.6 billion) since the start of April until September of the current year. The bureau said in a statement on Sunday that the files included contracts, execution of which would last for five years.

Number-one auditor at the department, Yasmin Basha, was quoted by the statement as saying that 83 of the ventures belonged to the cabinet secretariat general, the ministries of public works, power and water, interior, finance, defense and education. Advance auditing succeeded, during the above mentioned period, in saving KD 50 million (US$ 16 million), Basha said Moreover, the Diwan disapproved 66 proposed ventures worth KD 163 million (US$ 526 million) for various reasons, such as lack of required specifications.

Source: KUNA

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