Law strengthening control over budgetary funds adopted in Kazakhstan

Law strengthening control over budgetary funds adopted in Kazakhstan

Kazakhstan, Astana, Feb. 16 / Trend T.Nurbagambetov /

Kazakh President Nursultan Nazarbayev signed the Law "On introduction of amendments and supplements to some legislative acts of the Republic of Kazakhstan on strengthening the accountability of participants of the budget process, budget holders and raising effectiveness of budgetary procedures," the press-service of the president said.

The law envisages strengthening accountability of recipients, control over the expenditure of budgetary funds, the functions of state financial control bodies and improvement of budgetary discipline.

The document makes amendments and supplements to the Criminal and Budget Codes and the Code of Administrative Offences (CAO). In particular, the Criminal Code specifies provision on state trust loan or credit issued by a state guarantee, as in accordance with the Budget Code the means of these loans may be used only for the purposes provided for by the budget program and the credit agreement.

Rules establishing the application to the participants of the budget process administrative measures for violations of the budget and other legislation have been also introduced in the CAO.

Administrative liability for violation of the requirements for a special procedure for public procurement has been established.

The document toughens the requirements for transfer of unused balances of budgetary surpluses for the next fiscal year, strengthens state control over the means transferred by object of quasi-state sector by opening the control cash accounts in the Treasury bodies to enroll in public investment.

In addition the law provides for the provision to the government of reports of the authorized body on internal control on the results of inspections, including - for services carried out by the internal control of central and local government agencies.

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