Violations amounting to 1,768.7 million soms have been detected
The Audit Chamber of the Kyrgyz Republic conducted an inspection of compliance with the conditions for the execution of the republican budget and economic activities in the Ministry of Transport and Communications, its divisions, and subordinate enterprises for the year 2024. This was reported by the agency.
According to the audit results, financial violations were identified amounting to 2,251.5 million soms, of which 2,081.1 million soms require restoration. During the audit, 1,668.4 million soms were returned. Of this amount, 1,667.2 million soms were accounted for in the accounting records, and 1.2 million soms were received in cash in the budget. These data confirm both the effective conduct of the audit and the need to correct the identified violations.
The largest number of violations is related to non-compliance with legislation concerning the recognition, accounting, and depreciation of fixed assets. The total amount of these violations was 1,768.7 million soms and was caused, among other things, by the untimely capitalization of costs, including capital repairs. This creates risks of distorting the actual value of assets and reduces the reliability of financial reporting.
Furthermore, the audit showed that necessary measures were not taken to recover debts, penalties, and fines into the budget, which led to violations amounting to 245.6 million soms. Despite penalties imposed on contractors for delays in work execution, control over the situation proved insufficient.
Excessive expenses for salary payments and other rewards to employees were also identified, amounting to 150.2 million soms. These violations arose from the incorrect application of regulatory acts and internal regulations.
Serious violations were also found in the use of budget funds for capital investments and construction work, amounting to 61.1 million soms. In particular, for a number of projects, the volumes of construction and installation and repair work were unjustifiably inflated by 22.6 million soms, while defects in the completed work amounted to 38.4 million soms.
During analytical activities, auditors also identified procedural violations in public procurement and in the formation of the list of investment projects financed from the republican budget in the form of capital investments. Problems are associated with insufficient funding of the Road Fund. These circumstances highlight the need to enhance accountability when making key decisions for the sustainable development of the sector.
As a result of the audit conducted, written instructions and recommendations were sent to the relevant state authorities to eliminate the identified deficiencies, fully compensate for the damage, and prevent similar cases in the future. It is also emphasized that the identified facts require legal assessment, and the issue of holding accountable the responsible officials should be considered in the established manner.
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