Trump to visit Saudi Arabia in mid-May: Report    Worshippers in Makkah and Madinah perform Eid Al-Fitr prayer    Saudi authorities shut down food factories and branches over suspected poisoning cases    Saudi Arabia welcomes formation of new Syrian government, expresses hope for stronger ties    Saudi Transport Authority says passengers can ride for free if taxi meters are off    Ministry of Education forms 425 community partnerships with SR653 million impact    Defense, interior, and national guard ministers extend Eid greetings, praise efforts of military and security personnel    Syria forms new government with 22 ministers including one woman President Sharaa vows reform and transparency    Israeli army fires warning shots at UN peacekeepers in southern Lebanon    Denmark rebukes US Vice President Vance over Greenland remarks    Mexico bans junk food in schools to fight childhood obesity epidemic    Makkah and Madinah mobile data usage exceeds global average during Ramadan: CST    Elon Musk's xAI acquires X in all-stock deal    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Saudi creatives shine at Jeddah's Fawanees Nights with art, fashion, and storytelling    100 Thieves claim Marvel Rivals Invitational NA crown as 2025 scene heats up    T1 CEO confirms Gumayusi's return for LCK Spring after lineup shakeup    Bollywood actress vindicated over boyfriend's death after media hounding    Saudi Arabia hold Japan to goalless draw in Saitama to stay in World Cup hunt    NewJeans announces hiatus after setback in court battle    George Foreman, heavyweight champion and cultural icon, dies at 76    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Cuban audit finds state bookkeeping lacking
Published in Saudi Press Agency on 19 - 06 - 2011

A 15-year effort to improve Communist Cuba's shoddy bookkeeping and root out corruption has made progress but there is still much to be done, a national audit published on Sunday showed, according to Reuters.
Corrupt state managers and administrators are widely believed to cook the books to hide embezzlement and the diversion of goods from state companies to the black market.
But results of the annual audit are rarely if ever made public. The audit follows a series of corruption scandals that received unusual publicity and involved at least one minister, a number of deputy ministers and other high profile figures.
President Raul Castro has made fighting corruption a cornerstone of his efforts to reform Cuba's economy since taking over for his ailing brother Fidel Castro in 2008.
"Of more than 750 entities audited in the country, 63 percent were satisfactory or acceptable, while 37 percent were evaluated as deficient or bad," state-run television reported, citing a report from the Comptroller General's office.
That's an improvement from 2001 when the government's National Accounting Office reported that only 46 percent of 300 entities audited were found to have satisfactory bookkeeping.
"The Comptroller General called on those who have the complicated job of directing and administering to eradicate once and for all the conditions that foster opportunism, crime and corruption," another newscast on state-run radio reported.
Government and Communist party insiders report hundreds of functionaries have been swept away in a behind-the-scenes drive against corruption that intensified in 2008 after the creation of the Comptroller General's Office.
Soon after the 1959 revolution, Cuba's young leftist leaders toyed with eliminating money and did all but eliminate financial management, taxes and accounting, viewing and vilifying practitioners of the latter profession as responsible for helping the wealthy pillage the treasury.
The Soviet-styled socialist state they built controls 85 percent of the economy in which corruption has spawned a large black market that authorities have tried to eliminate.
The annual national audit began in 1995 in the midst of the deep crisis that followed the demise of the Soviet Union, Cuba's former benefactor, as financial management, taxes and accounting made a comeback.
Today, accounting is hailed as being of crucial importance in Cuba's efforts to improve the economy, and an accounting college has been established within the University of Havana.


Clic here to read the story from its source.