C&AG Report: Coalition fails to rein in wasteful spending

Millions of euro in public money have been lost by government departments and state agencies through sloppy practices and ill-conceived projects, the national spending watchdog has found.

Comptroller and Auditor General (C&AG) Seamus McCarthy said that, despite the still-fragile condition of the State finances, failure to properly monitor and review spending decisions last year meant that scarce cash resources were squandered.

His annual report for 2014 also found that failures of the past continue to haunt the public balance sheets and will keep costing the exchequer into the future.