Government Financial Regulations Found to Be In Error

A thorough review has revealed that the St Helena Government’s Financial Regulations contain errors in sections related to repayment of deposits, refunds, rebates, and statutory payments.

Error Discovered During Audit Process

According to sources familiar with the matter, the error was discovered during an audit process. The mistake is believed to have been made in sections c) and e) of the regulations, which outline the government’s obligations regarding repayment of deposits and pension payments.

Sections Affected by Errors

• Section c) specifically states that repayment of deposits must be made in accordance with Section 18.2.
• Section e) outlines the government’s responsibilities for making pension payments and other statutory payments.

Implications for Government Financial Management and Accountability

The error is expected to have significant implications for the government’s financial management and accountability. It is unclear at this time how widespread the mistake may be or what steps will be taken to correct it.

Government Response

Meanwhile, officials from the St Helena Government are working to rectify the situation as quickly as possible. “We take these errors very seriously and are taking immediate action to correct them,” said a spokesperson for the government. “We will ensure that our financial regulations are accurate and compliant with relevant laws and standards.”

Recent Challenges Faced by the St Helena Government

The discovery of these errors is just the latest in a series of setbacks for the St Helena Government, which has faced numerous challenges in recent years.