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.
