BAKU, Azerbaijan, April 8. The Azerbaijani Accounts Chamber has announced the main financial violations committed in state organizations in 2023, Trend reports via the chamber's report.
Thus, 27 compliance audits revealed violations of budget legislation. The most common shortcomings in this area include violations of the laws of Azerbaijan “On the budget system” and “On state service”, the requirements of the Labor Code, and non-compliance with cost standards and procedures.
According to the results of compliance audits, 23 audits
discovered budget management issues.
A major chunk of these problems reflect institutions' insufficient
attention to forecasting and planning activities.
As a result, the demand for government funds was not accurately
determined, resulting in fluctuating demand throughout the year,
funds that were not used for their intended purposes, and budgetary
funds that remained unused in bank accounts before being
transferred to letter of credit accounts at the end of the
year.
Furthermore, the economic potential of extrabudgetary operations
was not completely realized.
Accumulations and other receipts weren't classified as state budget revenues, and expenditures were financed from other budget items if not provided for in the estimate.
Surplus funds that do not comply with the requirements of the unified budget classification were not returned to the state budget (or not returned in a timely manner).
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