Main violations for 2024: inflated costs of work, accounting issues, and misuse of funds.
The audit conducted by the Accounts Chamber of the Kyrgyz Republic covers the execution of the budget and the activities of the Ministry of Construction, Architecture, and Housing and Communal Services, as well as its subordinate institutions for the year 2024, from January 1 to December 31.
The results of the inspection revealed significant violations in the area of financial accounting, compliance with budget legislation, and the implementation of construction works.
Identified issues include:
- incorrect accounting of accounts receivable;
- inflated costs and volumes of construction and installation works;
- non-compliance with the rules for transferring funds to the budget;
- misuse of budget funds;
- conducting operations outside the Unified Treasury Account;
- presence of unaccounted property;
- violations in capital investments and construction;
- unjustified salary payments and other funds to employees.
The total amount of financial violations amounted to 1 billion 585 million 293.5 thousand soms.
Of this amount:
- untimely and incomplete transfer of funds to the budget — 15 million 955.5 thousand soms;
- incomplete transfer of mandatory payments — 4 million 467.3 thousand soms;
- misuse of funds — 85 million soms;
- operations conducted outside the treasury account — 40 million 182.3 thousand soms;
- deficiencies in the implementation of investment projects — 7 million 65.2 thousand soms;
- inflated costs and volumes of work — 166 million 87.5 thousand soms;
- other violations in construction — 23 million 459.2 thousand soms;
- salary violations — 24 million 35.2 thousand soms;
- unaccounted property — 26 million 637.3 thousand soms;
- unjustified advances — 7 million 791.7 thousand soms.
The largest portion of violations was accounts receivable — 1 billion 169 million 294.1 thousand soms.
Of this amount, 349,414.9 thousand soms are subject to recovery, of which 122 million 191.3 thousand soms have already been returned, which is 35.0%.
As a result of the audit, recommendations and directives were issued aimed at eliminating violations, improving financial discipline, and enhancing the efficiency of budget resource use.
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