The Bishkek and Osh City Halls will create their own financial structures for the execution of the local budget, - Minister Baketaev

Наталья Маркова Exclusive
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In Bishkek and Osh, the creation of specialized financial structures is planned, which will be responsible for the formation, protection, and execution of the local budget. This was announced on February 18 at a meeting of the interagency commission dedicated to monitoring the decree of the President of the Kyrgyz Republic Sadyr Japarov on reforms in public administration, by the Minister of Finance Almaz Baketaev.

As the minister noted, in accordance with the current legislation on local self-government, issues related to the local budget should fall under the jurisdiction of local self-government (LSG) structures. In particular, Bishkek and Osh have their own budgets and status as local authorities; however, financial management remains under the Ministry of Finance.

“Currently, the structure of the Ministry of Finance is responsible for preparing the budget, its execution, and protection in the city council. This is somewhat incorrect,” Baketaev commented.

He also added that new structures will be created in the city halls to address local budget issues.
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