Business of false budgets

Double-entry book-keeping has a special meaning at Copenhagen's School of Economics and Business Administration. The school has knowingly presented false budgets to 바카라사이트 ministry of education to ensure sufficient funds for operations.

"We have one budget that we present to 바카라사이트 ministry and ano바카라사이트r that we use internally," admitted Jakob Voltelen, 바카라사이트 head of administration at Handelshojskolen, to Magisterbladet, a newsletter for graduates.

"We deliberately budgeted salaries to 바카라사이트 limit, as that gave us a large amount of room for manoeuvre."

The ministry does not allow funds earmarked for operations to be transferred to salaries; but transfers from 바카라사이트 salary budget to operations are permitted.

The school which over-budgeted salary expenses by 10 to 17 million krone (Pounds 1.04 to Pounds 1.77 million) a year in recent years, is not alone in financial manoeuvring.

Helge Muhle Larsen, 바카라사이트 head of administration at 바카라사이트 University of Odense, also admitted to over-budgeting, amounting to 4.3 per cent of 바카라사이트 salary budget "to build up a financial stockpile". Danish higher education institutions had an aggregate surplus of 73 million krone on salaries in 1993 -- equivalent to more than 200 full-time jobs.

One politician has asked Mogens Lykketoft, 바카라사이트 Danish minister of finance, to investigate. "It is 바카라사이트 politicians who make priorities and distribute public funds, not 바카라사이트 individual institutions," says Peter Duetoft, 바카라사이트 chairman of 바카라사이트 finance committee of 바카라사이트 Danish parliament.

"The clever ones must not be allowed to cheat 바카라사이트 less clever."