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Supreme audit institutions essential in securing government accountability during covid19
FELICITY HAWKSLEY, journalist
In January 2021, the International Monetary Fund reported that the global fiscal response by governments to the coronavirus pandemic was US$14 trillion, and counting. Many countries have spent more than they take in taxes to try and get the pandemic under control.
And though both the financial crisis and covid19 warranted speedy spending, coronavirus spending has been spread across many more sectors and channels than the bank bailouts and quantitative easing during the credit crunch.
Clearly there are risks associated with such spending. The main risks are fairly obvious, said Pamela Monroe Ellis FCCA, auditor general of Jamaica and secretary general of the Caribbean Organisation of Supreme Audit Institutions (CAROSAI). The spending is generally taking place in an environment that is not conducive to checks and balances, and this has meant – in some cases �
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