According to the audit results conducted by the Accounts Chamber of the Kyrgyz Republic, financial violations were discovered in the Ministry of Transport and Communications of the Kyrgyz Republic, with a total amount of 2,251.5 million soms. The audit covered both the execution of the republican budget and the economic activities of the ministry, its divisions, and subordinate enterprises for the year 2024.
According to the press service of the Accounts Chamber, of the specified amount, 2,081.1 million soms are subject to recovery. During the audit, it was possible to recover 1,668.4 million soms, of which 1,667.2 million soms were settled through accounting, and 1.2 million soms were returned in cash.
The largest number of violations is related to non-compliance with legislation in the area of accounting, recognition, and depreciation of fixed assets, amounting to 1,768.7 million soms. The main reason was the untimely capitalization of costs, including capital repairs, which creates risks of distorting the real value of assets and negatively affects the reliability of financial reporting.
In addition, deficiencies were identified in measures for the collection of payments, penalties, and fines, which led to violations amounting to 245.6 million soms. Despite the imposition of penalties on contracting organizations for delays in work execution, control mechanisms proved to be insufficient.
The audit also revealed excessive expenses on salaries and other payments to employees, amounting to 150.2 million soms, which occurred due to the incorrect application of norms and internal regulations.
Serious violations were also found in the use of budget funds for capital investments and construction works, amounting to 61.1 million soms. In particular, the volumes of work for some projects were unjustifiably inflated by 22.6 million soms, and defects in completed works amounted to 38.4 million soms.
Auditors also noted violations in public procurement procedures and issues with the financing of the Road Fund, as well as deficiencies in the formation and approval of the list of investment projects.
As a result of the audit, written instructions and recommendations were sent to the relevant state authorities and the audited entity to eliminate the identified deficiencies, fully compensate for the damage, and prevent similar situations in the future. It is also emphasized that the identified violations should be assessed from a legal standpoint, and the responsibility of officials will be considered in the established manner.
