The audit conducted by the Accounts Chamber of the Kyrgyz Republic revealed violations in the execution of the budget of the Antimonopoly Regulation Service for the years 2020–2024, as reported by the institution's press service.
The audit found that despite the existence of goals in regulatory documents for improving the material and technical base, the funds from the Development Fund were used at a very low level.
In particular, in 2023, only 378.2 thousand soms were allocated for strengthening the material and technical base, which accounted for just 1.33% of all expenditures, and in 2024 this amount was 410.0 thousand soms (0.81%).
“The majority of the financial resources of the Fund were directed towards employee payments and social incentives. The collective agreement provides for various types of payments for holidays and commemorative dates. During the audit, instances were noted where individual employees received bonuses several times a month,” the press service reported.Additionally, the audit revealed violations in accounting and internal control. When writing off fixed assets amounting to 1.5 million soms, the procedure for document processing was not followed, and there were no acts of technical expertise, disposal, and sale.
Violations were also discovered in the procurement of fuel and lubricants in accordance with the law "On State Procurement" of the Kyrgyz Republic.
Furthermore, the audit showed ineffective use of budget funds amounting to 1.7 million soms for renting premises in the regions, while no measures were taken to obtain state premises free of charge.
The Accounts Chamber of the Kyrgyz Republic has prepared recommendations to eliminate the identified violations in the areas of financial and antimonopoly legislation, aimed at improving the efficiency of budget fund usage and strengthening financial discipline.
