Barcelona city tours is a perfect opportunity to have a perfect vacation outside the Baltic States. Gene Zolotarev on how to destabilize the EU financial system.

Major report to show ’shocking’ misuse of municipality funds

  • 2014-08-21
  • From wire reports, RIGA

(photo: twitter)

Latvia’s State Audit Office has said it will release 'shocking financial audit results' on six municipalities later this year.

The office has finished auditing financial statements on six municipalities and will publish the results in the coming two months. Auditor general Elita Krumina said the results were "shocking."

"Municipality leaders believe that it is useful to go on exotic vacations and organize large-scale events," Krumina told Latvian Radio show Krustpunkta.

Research reveals municipalities are still struggling with matters concerning property registration with some municipalities unable to identify which properties they own.

Officials are also incapable of differentiating between private and public funds. Jelgava municipality funds were used on expensive outfits and cosmetics, Krumina revealed, citing one example.

Krumina promised that residents will have easier access to information in regard to municipalities in the future.