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
- Pentagon Green-lights Tomahawk Missile Deliveries to Ukraine — Final Decision Rests With Trump
- Kazakhstan: Development Bank Announces Program to Develop Rare Earth Metals Industry
- Oral Woman Learns Her Missing Husband Died Fighting for Russia in Ukraine
- Boxer Dmitry Bivol’s Wife Placed on Wanted List in Kazakhstan
- Interpol Rejects Kyrgyzstan’s Request to Add Kloop Co-Founder to Wanted List
- Toqayev and Tasmagambetov Discuss Preparations for Upcoming CSTO Session in Bishkek
- Simonyan: “The Ice Has Broken” as Armenia and Azerbaijan Move Toward Direct Visits
- Interior Ministry Urges Bloggers to Avoid Provocative Stunts for Views
- Two Kyrgyz Sisters Rescued From Forced Labor in Shymkent
- Indian Oil Resumes Buying Russian Crude From Non-Sanctioned Suppliers
- Kazakh Tazys Receive International Recognition
- Over 150,000 Kazakhstanis Are Working Abroad, Says Vice Minister
- Former Prosecutor In Qostanay Sentenced For Attempted Bribery
- AIFC Chief Rejects Offshore Haven Label
- From Boranbayev To An Apartment: What Happened To A Valuable Oil Asset?
- Company Linked To Nurali Aliyev Dredging Kigach
- ERG Signs Funding Deal With Mercuria To Develop African Assets
- New Sanctions: Regional Expert Discusses Impact On Central Asia
- Taraz Bride Kidnapping: Detainees Under House Arrest
- Kazakhstan Negotiating Kashagan Field Expansion
