Sign up to The Irish Times Archive (1859 - 2008)My Account »
Fri 10 Oct 2008Call to ease 'use it or lose it' rule on State funding
RULES REQUIRING statutory bodies to spend their allocations in the year provided or risk losing them back to the exchequer should be altered as they pose a risk to obtaining value for money, a Dáil committee heard yesterday.
The Comptroller and Auditor General John Buckley said such accounting regulations often put considerable pressure on organisations to spend money in a short timeframe and could force them to depart from some recommended practices.
Choose a Subscription type - required
