State leader extends warm welcome to Head of Supreme Audit Chamber
In Kazakhstan, the head of the Supreme Audit Chamber, Alikhan Smayev, reported over 862 billion tenge in identified financial violations for the year 2024, as reported by our website citing Akorda.
Smayev revealed that 27 audit events were conducted last year on 214 objects, covering financial resources totaling approximately 11 trillion tenge. The investigations led to the identification of 862 billion tenge worth of violations. This is five times more than the amount recovered in 2023, with 135 billion tenge being returned to the budget.
He further highlighted systemic inefficiencies noticed in the pricing of construction objects, financing of processing industry projects, and subsidies for agriculture. To tackle these issues, the Supreme Audit Chamber has suggested recommendations to the Government and instructions to relevant state bodies.
For the current year, more than 40 audit events are scheduled, with a plan to expand audits in 2025 as instructed by President Kassym-Jomart Tokayev. The audits will encompass the budgets of major cities, regions, key organizations, and specific sectors such as science, defense, law enforcement, sports, social security, and forestry.
Tokayev emphasized the importance of modernizing the state audit system and implementing digital solutions to ensure effective control over the utilization of budget funds. He continues to encourage ongoing improvements in the system.
The identification of financial violations in Kazakhstan for the year 2024, totaling 862 billion tenge, occurred predominantly within the context of business activities, as reported by Alikhan Smayev, the head of the Supreme Audit Chamber. To address systemic inefficiencies in various sectors like construction, processing industry, and agriculture, the Supreme Audit Chamber has planned recommendations for the Government and instructions for relevant state bodies, implementing an expanded series of audits throughout 2025.
