The Ministry of Finance, as well as its departments and related institutions, conducted an audit of the budget execution for 2024, carried out by the Accounts Chamber. The audit covered the period from January 1 to December 31, 2024.
According to the agency's findings, numerous violations related to non-compliance with budget legislation were identified during the inspection, with a total amount of 133,321.8 thousand soms.
This result indicates a low level of effectiveness in budget planning and financial management.
Many of the identified violations pertained to key stages of the budget process.
During the budget preparation and the drafting of accompanying documents, violations were found related to non-compliance with regulations and poor planning, amounting to 2,411.5 thousand soms, which negatively affects the reliability of budget data.
In the area of pricing and tariff formation, violations amounting to 1,925.0 thousand soms were recorded, caused by the lack of necessary legal grounds.
Particular concern is raised by cases of misappropriation of budget funds, which amounted to 6,891.5 thousand soms. Of this amount, 5,816.7 thousand soms was used bypassing the Single Treasury Account, creating risks for the transparency of public financial management.
Regarding capital investments and construction works, instances of unjustified inflation of costs and volumes, as well as insufficient fulfillment of contractual obligations amounting to 17,570.6 thousand soms were identified.
Additionally, significant exceedances of approved budget indicators were recorded, totaling 56,290.9 thousand soms, of which 51,604.3 thousand soms were related to excess inventories and calculations for material values.
Violations in the area of asset preservation amounted to 3,245.4 thousand soms, including unaccounted assets.
Serious deficiencies in accounting and reporting practices were also noted, with a total amount of 43,736.6 thousand soms, including reporting distortions of 24,900.3 thousand soms and unjustified advance payments of 18,662.8 thousand soms.
In the area of public procurement, cases of non-compliance with regulatory requirements amounting to 1,250.3 thousand soms were also identified, particularly regarding the banking support of contracts.
As a result of the audit, the Accounts Chamber sent recommendations to government agencies to address the identified violations, strengthen budget discipline, and enhance financial efficiency.
Furthermore, it was proposed to consider holding accountable officials who committed these violations in accordance with the legislation of the Kyrgyz Republic. The audit materials will be forwarded to the competent authorities for necessary actions.
The Accounts Chamber will monitor the implementation of its recommendations and the effectiveness of measures taken to eliminate violations. Complete and timely rectification of deficiencies is a crucial condition for the targeted and effective use of budget funds.
