731 Million KZT: Non-existent Buildings “Built” in Kazakhstan
Photo: DALL-E
Kazakhstan will tighten control over budget investment projects in the construction sector after one region spent more than 700 million tenge on constructing nonexistent buildings, Orda.kz reports.
According to the Supreme Audit Chamber, amendments to the Regulations for Budget Execution and Cash Management were made on September 25. Now, the state will supervise construction projects with an estimated cost of one billion tenge. Prior to the changes, financial oversight over construction projects started at two billion tenge.
The change will come into effect on January 1, 2025.
Following an audit in the Pavlodar region, it was decided to tighten supervision over construction projects. In this region, 731 million tenge was paid from the budget for work that no one actually carried out.
The Pavlodar construction department made payments to the contractor based on acts for which payments had already been made previously, the SAC noted.
The Ministry of Finance has been instructed to oversee more construction investment projects implemented via the budget.
In August, an audit revealed that the Ulytau region's entire budget was less than the amount allocated to NIS over five years.
Original Author: Alexandra Mokhireva
Latest news
- Authorities Check Site After Reported Drone Crash in Aktobe Region
- Kazakhstan Denies Rumors of a Possible Exit From the OPEC+ Deal
- Kazakh Citizen Among Six Killed in Avalanche in Russia’s Buryatia
- Kazakhstan Secures New Benefits for Cargo Aviation
- Kazakhstan Records Around 200 Fatal Workplace Accidents Each Year
- Who Is Paying for New Airports in Kazakhstan and When They Will Open
- Shymkent Also Needs an LRT, Transport Ministry Says
- Kazakhstan Finds Alternative to Druzhba for Oil Exports
- Kazakhstan Delays Launch of Stadler Railcars Once More
- Kazakhstan Plans to Move Phone IMEI Verification Under State Control
- Officials Say Aitu Is Freer Than Russia’s MAX and Has Over 1 Million Users
- Kazakhstan’s Stock Market Grew Faster Than Major Western Indexes
- Mortality From Water and Hygiene Risks Increases in Kazakhstan
- Kazakhstan Uses AI to Track Illegal Construction
- New Almaty Square Opens Where Nazarbayev’s Residence Once Stood
- Israel Looks To Open Direct Flights To Kazakhstan
- Astana Akim Says LRT Line Is Almost Ready for Launch
- Kazakhstan Stops Shipments of Infected Grain and Seeds From Russia
- Why Kazakhstan Has Too Many Teacher Graduates and Too Few Qualified Ones
- Stronger Tenge Cools Demand for Cash Dollars in Kazakhstan
