Do you know why is it important to stop corruption? 

Corruption erodes trust in government and undermines the social contract.

This is cause for concern across the globe, but particularly in context of fragility and violence ,as corruption fuels and perpetuates the inequalities and discontent that lead to fragility, violent extremism,and conflict.

 

Political corruption is the abuse of public power, office, or resources by elected government officials for personal gain ,by extortion, soliciting or offering bribes.it can also take the form of office holders maintaining themselves in office by purchasing votes by enacting laws which use taxpayers money.

 

Why exposing and preventing corruption is important:

•Undetected and unchecked corruption in the public sector can cause serious damage including:

 

•undermining public trust in government

 

•wasting public resources and money

 

•causing injustice through advantaging some at the expense of others

 

•inefficiencies in operations

 

•reputational damage which makes it difficult to recruit and retain quality staff or obtain best value in tender processes. It may also be more difficult to attract business investment, adversely affecting prosperity.

 

-Globally, the World Economic Forum has estimated that the cost of corruption is about US$2.6 trillion a year. The impacts of corruption disproportionately affect the most vulnerable people in society. Widespread corruption deters investment, weakens economic growth and undermines the rule of law.

 

-In NSW, the ICAC works to prevent corruption before it occurs and provides guidance and advice on what public officials can do to prevent corruption and how to manage specific corruption risks function.