Finance What Steps Can Be Taken By The Government To Stop Corruption Of Funds?

[Good-Guy]

There are many places and countries corruption is prevalent in all the governmental departments. Each and every person in those countries knows that corruption is a major problem in the country, yet still they have no solution for this kind of problem. I believe that corruption is one of those things that damage the economy of a country a lot and the country suffers from various kinds of problems as a result. One of the biggest aspect of corruption is the lack of distribution or misuse of funds. Many corrupt officers take bribe and grab funds from the general public in the name of "extra fees". In fact, the corruption in the taxation of funds is also a major issue and this leads to a lack of collection of proper tax funds by the government. This is basically because the funding system of the government is not strong and the policies made by the government is not effective. This is why many corrupt officers get a chance to steal money from the general public and the government. So what steps do you think a government can take in order to reduce the corruption of funds?

 

[Deleted member 28127]

The essential problem is a delay of payment means for example if the country is selling by his fund's merchandise to sell after that to companies that pay by 3 times or even 5 times then the country will have corruption of funds because expenses are paid in time to foreign countries to bring merchandise while the company purchasing this merchandise cannot pay now the funds because they have to generate some sales and even citizens are purchasing from these companies of 3 or 5 payments means these companies can have also a corruption of funds which is a complicated process at the economy.

 

[Good-Guy]

The essential problem is a delay of payment means for example if the country is selling by his fund's merchandise to sell after that to companies that pay by 3 times or even 5 times then the country will have corruption of funds because expenses are paid in time to foreign countries to bring merchandise while the company purchasing this merchandise cannot pay now the funds because they have to generate some sales and even citizens are purchasing from these companies of 3 or 5 payments means these companies can have also a corruption of funds which is a complicated process at the economy.

It is very hard for a country to stop corruption when the officials of the government in all the department are corrupt. Unfortunately, this is a problem with many countries. Even of the highest official of the country is sincere, the lower level corrupt government officials get involved in the corruption and it becomes very hard for the high officials to stop corruption of funds.

 

[Immilash]

My country is among those corrupted countries of the world. Many people takes corruption as nothing because they see it as a normality I don't think if there's a possible way to stop corruption because the government are corrupt more than the citizens of the countries.

 

[Suba]

Corruption has occurred in all sectors from road construction and repair to the tax sector. Corruption can be eradicated or at least the level of corruption is suppressed to the lowest level, it must be from the will of the government itself. Even though the government has created a corruption eradication commission, it will be in vain if corruption law enforcement is not carried out properly.

 

[Yusra3]

Governments should focus on restoring confidence in the system through increased transparency, strengthening auditing and oversight processes, providing whistleblowers protection, punishing fair and fraud, and installing digital track systems to follow-up funding and embezzlement. Legislation of code of conducts, dead of red tape, and rewarding well managed public asset can be the ways to stop stealing. Ideally, there should be holistic strategies that focus on addressing the predicament of governance corruption, and ethics is important to be embraced.