The Central Auditing Organization (CAO)'s annual report on the final account of the State Administrative Body's 2007/2008 balance sheet makes remarks on LE 42 billion. These remarks concern unmade changes in the final figures of use (LE 21 billion), unmade changes in the final entries (LE 215 million), changes on final figures (LE 3.5 billion), postponed dues (LE 2.6 billion), violations of business contracts and provisions (LE 87.6 million), (excessive) burdens unnecessarily incurred by the State or money used for other purposes than those originally planned (LE 1.268 billion), investments (LE 211 million), uncollected entries (LE 11.9 billion), cases of embezzlement, losses and manipulation of public money (LE 3.4 million), State Treasury accounts (LE 1.215 billion), and state properties (LE 71 million). The report also mentions that privatization brought LE 672.5 million, down by LE 9.289 billion. The report criticizes the borrowing from other local sources to finance 52.5% (LE 6,915 billion) of the deficit while the final account of the balance sheet, prepared by the Ministry of Finance, does not include any details about these sources. The CAO report stresses on the necessity to curb the interior and foreign public debt, as it says the burdens of this debt corresponds to 20% of all State budget uses. The report says such burdens amount to LE 58,614 billion. The report calls for estimates that are suitable with what is expected to be collected and spent in light of the amounts that have been collected and spent over the past previous years. It also calls for following up on the decrees and the laws having positive or negative effects on entries. The report then urges to care for investments and to use most of the public debt to finance these investments by allocating credits in light of the requirements of the socio-economic development plan. The report then calls for improving the government's financial performance by controlling workers effectively and eliminating wastes, negligence and manipulations. According to the report, the expenses included in the second chapter have gone up by 58% compared to last year. The report records an increase of some LE 70 million for maintenance, some LE 7.2 million for publishing and advertisements, some LE 25 million for public transportation, some LE 25 million for postal services and communications, and LE 196 million for various service expenditures.
