Published: 23 July 2013

Mildred Chiri the Comptroller-General said State owned enterprises had failed to comply with Public Finance Management Act indicating that several parastatals have failed to comply with government regulations compelling them timeously submit financial results to the State Enterprises ministry due to limited capacity.

Chiri said the capacity gap between the private sector and public sector was wide adding that the private sector financial reports were well-financed as compared to the public sector.

She said there was need for government to capacitate the public sector by improving the remuneration for public accountants.
- newsday