An audit revealed violations in the operations of the state agency
The Chamber of Accounts of the Kyrgyz Republic conducted an audit during which violations in the budget expenditures of the Antimonopoly Regulation Service under the Ministry of Economy and Commerce were identified. This was reported in the official press release of the agency.
The audit revealed several key violations:
- Despite the existence of goals in regulatory acts aimed at improving the material and technical base, funds from the Development and Material Support Fund were used at an extremely low level. In 2023, only 378.2 thousand soms were allocated, which accounted for just 1.33% of the total expenditures, and in 2024 this amount decreased to 410 thousand soms (0.81%). The main expenses of the Fund went towards employee incentives and social payments. Various incentives for holiday dates were provided for in the collective agreement; however, the audit revealed cases of multiple bonus payments to individual employees within a single month.
- Violations in accounting and internal control were also identified. When writing off fixed assets amounting to 1.5 million soms, the procedures for document processing were violated, and there were no acts confirming technical expertise, disposal, and sale.
- During the procurement of fuel and lubricants, violations of certain provisions of the Law of the Kyrgyz Republic "On Public Procurement" were also identified.
- Additionally, ineffective use of budget funds amounting to 1.7 million soms allocated for renting premises in the regions was established. The agency did not take the necessary steps to obtain state premises free of charge.
Based on the results of the audit, the Chamber of Accounts proposed a number of recommendations to address the identified violations.
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