Kyrgyzstan Parliament Passes 2022 Report by Accounts Chamber
Title: Kyrgyzstan’s Parliament Adopts 2022 Accounts Chamber Report Revealing Financial Violations
Date: June 21, 2023
Byline: Jazgul MASALIEVA
Bishkek – The Parliament of Kyrgyzstan recently adopted the report of the Accounts Chamber for the year 2022, shedding light on various financial violations.
According to the results of the audit activities conducted last year, the Accounts Chamber identified irregularities in financial discipline amounting to 46.101 billion soms, along with 404 procedural violations. Out of the total amount of detected violations, approximately 15.544 billion soms are subject to compensation, with 7.174 billion soms having already been settled.
Among the revealed violations, the field of public procurement accounted for a significant share, with a total amount of 1.662 billion soms. Approximately 534.6 million soms fall into the category of compensation, of which about 174.7 million soms have already been reimbursed.
In light of these findings, the Accounts Chamber has forwarded 89 audit materials to law enforcement agencies, involving 14.9 billion soms, $84,000, and €927,500.
The report highlights the government’s commitment to ensuring financial transparency and accountability. By uncovering and addressing these violations, the Accounts Chamber plays a crucial role in maintaining financial discipline within the country. It acts as an independent oversight body responsible for monitoring the proper utilization of public funds.
The adoption of the report by the Parliament demonstrates the country’s dedication to upholding the principles of good governance and combating corruption. This step will enable the government to take appropriate actions against those responsible for the financial irregularities and work towards rectifying the identified issues.
Moving forward, it is expected that the government will implement stricter measures to prevent future financial violations and improve the overall effectiveness of public procurement processes. This will help enhance transparency, promote fair competition, and ensure that public funds are allocated in the best interest of the Kyrgyz Republic and its citizens.
As the Accounts Chamber continues its critical role in monitoring financial practices, its efforts are crucial for strengthening the country’s financial systems and fostering economic growth.
