Ministry of Economy and Finance of Karakalpakstan spent 14.2 billion soums unseasonably 

BUSINESS 16:17 / 21.07.2023 14905

Unreasonable spending of funds by the Ministry of Economy and Finance of Karakalpakstan was found. The press service of the Accounts Chamber informed Gazeta.uz about it.

According to Article 26 of the Budget Code (authorities of the Accounts Chamber in the field of the budget), the report on the implementation of local budgets in 2022 was subjected to external audit and assessment by the Accounts Chamber. Suspicious situations observed in the external audit and remote risk analysis were investigated in the Republic of Karakalpakstan.

In the study, it was found that the Ministry of Economy and Finance of Karakalpakstan unreasonably collected the funds centrally without allocating them to budget organizations in the process of forming the cost estimate, and then redistributed them to other directions.

Also, in the conducted study, it was found that 14.2 billion soums of financial errors were spent on a selection of 102 billion soums from centralized funds. In particular, during construction and repair work worth 71.2 billion soums, 7.5 billion soums of unjustified excess funds were received and poor-quality work was performed, while 30.8 billion soums of fixed assets and goods were purchased at high prices for 6.7 billion soums.

An instruction was sent to the Ministry of Economy and Finance of Uzbekistan and the Council of Ministers of the Republic of Karakalpakstan to take the measures specified in the law and to take appropriate measures to prevent future incidents.

Also, the formalized documents related to the study were submitted to the PGO for legal assessment.

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