Kazakh budget incurs losses because of poor monitoring of agreements with foreign countries

Business Materials 23 June 2010 12:26 (UTC +04:00)

Azerbaijan, Baku, June 23 / Trend S. Suleymanov /

Kazakh budget incurs losses because of poor monitoring of agreements with foreign countries, chairman of the Accounting Committee for Control over Execution of the Republican budget Omarkhan Oksikbayev said.

"The lack of qualitative monitoring of agreements between Kazakhstan and foreign governments significantly affects the effectiveness of the budgetary process", Oksikbayev said.

The head of the Accounting Committee said that Kazakhstan does not receive income in time due to certain gaps.

He said that only after verification of the Accounting Committee, about 31,8 billion tenge were transferred to the budget.

"What are the benefits lost by the state? I think that law enforcement bodies must reveal it", Oksikbayev said.

Head of the Accounting Committee also cited the example of the facts of the allocation of funds from the national budget to ensure the country's defense.

"The Ministry of Defence missed opportunities to purchase military equipment and weapons at reasonable discounted prices under the existing international agreement", he said.

Oksikbayev said that there are also a number of financial sources in the subsoil use contracts, which still do not provide the flow of funds in the budget.

"Investors spend about 20-30 billion tenge only for the training of our specialists. We think that these funds must be taken into account by the budget when planning social issues. There are such questions related to the budget in other agreements," he said.

He said that Kazakhstan should reconsider all international agreements and use them in planning and implementation of the national budget.