President Shavkat Mirziyoyev reviewed proposals aimed at strengthening financial control over the use of budget funds, on July 9.
During a January 16 meeting focused on economic priorities, President Mirziyoyev highlighted the need for effective budget expenditure management and ordered strengthened financial control measures. This responsibility falls under the purview of the Accounts Chamber of the Republic of Uzbekistan.
Currently, the Accounts Chamber conducts external audits covering only 86% of total expenditures, focusing on budget and trust fund expenses. To enhance oversight, it is proposed that the Chamber also conduct external audits of the consolidated budget, including extra-budgetary savings and foreign debt expenses.
The Accounts Chamber plans to introduce strategic audits to assess risks associated with achieving national goals and objectives within state programs. Additionally, information technology audits will evaluate the effectiveness of software used in state organizations.
With approximately 30,000 budget organizations and state enterprises in Uzbekistan, on-site inspections are time-consuming and costly. To address this, the "Remote Control Center" has been launched within the Accounts Chamber. The need to improve 36 risk analysis criteria and indicators, drawing on advanced foreign experience, was emphasized.
Funds have been allocated for regional development in recent years. However, local councils are currently limited to discussing regional or district budgets. Consequently, 65-70% of funds provided to each region from all sources are beyond their control. To address this, it was noted that the Accounts Chamber should involve local councils in the budget discussion process, in addition to the chambers of the Oliy Majlis.
The proposed measures aim to enhance financial oversight and ensure more efficient use of budget funds, ultimately contributing to sustainable economic growth in Uzbekistan.
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