Mega Fund Misuse explores the troubling issue of large-scale mismanagement of public funds, examining the political and financial systems that allow such misuse to occur. Through comprehensive audit reviews, the book highlights inflated contract procurement and the lack of oversight in public projects as key mechanisms that divert resources away from essential public services.
One striking insight is how bid-rigging and unjustifiable markups siphon funds into private hands, while another is how absent oversight leads to projects ballooning in cost without delivering promised benefits. The book argues that endemic corruption, weak regulatory frameworks, and a lack of transparency are the primary drivers of this misuse, emphasizing the need for systemic reform rather than focusing solely on individual wrongdoers.
Mega Fund Misuse unfolds in three parts, beginning with an introduction to public finance and auditing practices, then analyzing case studies of fund misuse using audit reports and investigative findings, and concluding with policy recommendations to enhance transparency and accountability. This approach offers a comprehensive understanding of the problem and potential solutions, making it valuable for policymakers, academics, and concerned citizens alike.
