PHILIPSBURG;--- The General Audit Chamber presented its budget for the fiscal year 2023 to Parliament on March 31st. In accordance with the law, the budget is submitted before May 1st, of each year. The Audit Chamber embraces the concept of financial effectiveness and budget efficiency. The institution continues to practice budget optimization. For the last 3 years, the Audit Chamber’s annual budget reveals steady budget reductions. The cost savings are achieved by renegotiating contracts, adopting a different recruitment strategy, and other operational efficiencies. The bottom line for the institution is a 40% reduction of the total budget as compared with the period prior to the pandemic in 2020. While working with a crisis budget has benefited the government’s overall financial burden, it is not without impact on the Audit Chamber. However, using an efficient realignment of personnel and professional resources, productivity is unaffected. In fact, the Audit Chamber produced twelve high-quality reports in 2021. These reports are discussed in the recently published annual report 2021. The Audit Chamber believes in drafting a budget in line with the financial realities of the country. Rationalizing expenditures does not have to mean loss of quality or production.
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