MPs have unanimously approved 11 key recommendations made by a parliamentary committee based on the 2023-2024 National Audit Office (NAO) report.
They have called on the government to rectify repeated financial and administrative infractions identified in the NAO report, ensuring such issues are not perpetuated.
Other recommendations, reported earlier in the GDN, include:
* Government must monitor the strategies of the Asset Management Company (Osool) in liquidating investments of the pension and social insurance fund to minimise losses and sustain fund performance.
* Examine Gulf Air’s losses and implement measures to achieve profitability.
* Complete a study to determine the minimum requirements for basic living standards.
* Take steps to recover funds identified as misused or wasted in the NAO report, employ investigative audits and enforce penalties on responsible parties.
* Come up with a clear timeline for replacing expatriate employees with qualified Bahraini nationals in the public sector.
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