Trillions Spent, One-Table Report - Ashimbayev

The Senate Head, Maulen Ashimbayev, stated that state funds' actions are not transparent, while their assets exceed the expenditure side of the entire Republican budget.

This year, the expenditures amount to 24 trillion tenge.

The assets of the funds exceed 25 trillion and continue to grow. Huge amounts of finances have been accumulated in these funds. Imagine what kind. And the question of oversight and use of these funds arises. Now about reporting. When we look at the execution of the republican budget. Olzhas Abayevich (Prime Minister - Ed.) literally sends us a report on these funds on one page, one table. And it is very difficult to understand what is happening there. In this situation, the parliament does not oversee, does not monitor these expenses, said Maulen Ashimbaev at the plenary session.

The speaker then addressed the Minister of Labor and Social Protection, Svetlana Zhakupova, doubting that she also has access to the full reporting of these funds. 

We cannot find money for thermal power engineering or other areas now. And huge amounts of money have been accumulated in the funds. And the question is that they should be controlled and used for national purposes. We know that part of these funds are used to cover the budget deficit. How the other part is used - we do not see this in parliament, added the Senate Speaker.

He believes that the time has come to make such spending transparent to deputies and the government and to bolster oversight.

The issue of control over funds has been topical since the arrest of Perizat Kairat, head of the Biz Birgemiz Fund.

She is suspected of embezzling 1.7 billion tenge.

Original Author: Zhadra Zhulmukhametova