London, Mar.8 (ANI): Government departments in Britain have reportedly squandered 1.4 billion pounds over the past seven years to make 'efficiency savings' of just 159 million pounds.
The money was spent on "elaborate programmes to share back-office functions".
According to the Daily Mail, the National Audit Office has revealed that a huge amount of money was wasted in a bid to save government costs.
It said that the 159 million pound saved is 8.8 times less than the amount government officials actually spent, which is enough to pay the salary of over 60,000 nurses.
Auditors revealed that it is possible that civil servants may have saved even less than 159 million pounds outlined in a damning report. This is because some ministries were no longer monitoring progress - and those that are doing so report a net cost to the taxpayer.
In a damning report, it concluded that a combination of over-expensive IT systems and poor co-ordination between departments and quangos had seen costs soar instead of being slashed.
Opposition Labour lawmaker Margaret Hodge, who is the chairman of the powerful Public Accounts Committee, said it was 'a shockingly familiar story of spiralling costs and poor value for money'. (ANI)
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