During an audit conducted by the Accounts Chamber of the Kyrgyz Republic, significant violations in the management of the budget of the Antimonopoly Regulation Service were identified for the period from 2020 to 2024. This was reported by the press service of the agency.
The audit revealed that, despite the existence of legislative initiatives aimed at improving the material and technical base, the use of funds from the Development Fund in this area was extremely ineffective.
In particular, in 2023, only 378.2 thousand soms were allocated for these purposes, which accounted for just 1.33% of the total expenditure, and in 2024 — 410.0 thousand soms (0.81%).
“The main purpose of the Fund's resources was directed towards bonuses and social incentives for employees. According to the collective agreement, various types of incentives are provided for holidays and commemorative dates. During the audit, cases were recorded where individual employees received bonuses multiple times a month,” the report states.Additionally, violations in the field of accounting and internal control were identified. For example, when writing off fixed assets worth 1.5 million soms, the procedure for document processing was not followed, and necessary technical expertise reports, as well as confirmations of disposal and sale, were absent.
Violations were also found in the procurement of fuel and lubricants, which contradicts the requirements of the Law of the Kyrgyz Republic “On State Procurement.”
The audit also revealed ineffective spending of budget funds amounting to 1.7 million soms, spent on renting premises in the regions, without taking adequate measures to obtain state premises free of charge.
As a result of the audit, the Accounts Chamber of the KR presented recommendations aimed at correcting the identified violations in the financial and antimonopoly sectors, with the goal of increasing the efficiency of budget funds usage and improving financial discipline.
