The audit revealed violations and deficiencies in the activities of the Ministry of Economy and Commerce of the Kyrgyz Republic and its structures.

Евгения Комарова Exclusive
VK X OK WhatsApp Telegram

The audit conducted by the Accounts Chamber revealed numerous systemic shortcomings in the functioning of the Ministry of Economy and Commerce, as well as its subordinate institutions. The issues concern both the effectiveness of task execution and adherence to budget discipline. One of the main problems was insufficient control from the founding body, which led to the identification of numerous violations in budget planning, travel arrangements, public procurement, and management of foreign aid projects.

Some ministries began implementing foreign aid projects without the necessary coordination with the Ministry of Economy and Commerce and without obtaining conclusions on the feasibility of these projects. As a result, many initiatives were launched with a total cost of over 10 billion soms, significantly limiting the state's ability to control and monitor these projects.

There was also noted duplication of functions between the state institution "Kyrgyz Export" and the trade representations of the Kyrgyz Republic abroad. Despite the similarity of tasks, there was no clear distribution of roles, and mechanisms for evaluating effectiveness and coordinating actions were not provided. Numerous shortcomings were also identified in the activities of trade representations regarding the confirmation of export contracts: commission fees were not charged, and in some cases, confirming documents were incomplete or entirely absent.
Serious problems were also established in the field of accreditation and standardization, including violations in financial management and insufficient internal control. The Chairman of the Board of the Eurasian Economic Commission, M. Myasnikovich, noted in his letter that such violations negatively affect trust in the national accreditation system.

As for the state institution "Kyrgyz Export," it demonstrated low efficiency in supporting export activities. Despite significant funding for participation in exhibitions and other events, the actual documentation of results and monitoring of contract execution left much to be desired.

The audit also revealed serious shortcomings in the work of the open joint-stock company "Tourism Development Support Fund." Budget funds were used without proper control, projects were not subjected to timely monitoring, and instances of contract signing without proper risk analysis and justification of expenses jeopardized the effectiveness of resource use.

As a result of the audit, the Accounts Chamber developed recommendations aimed at strengthening budget discipline, improving internal control mechanisms, eliminating duplication of functions between departmental structures, and increasing the transparency of public funds usage.
VK X OK WhatsApp Telegram

Read also:

Write a comment: