Damage discovered by Accounts Chamber last year costs Tajikistan at 252.3 million somonis

According to him, financial losses increased by 18.2 million somonis compared to 2019.

Chillazoda further noted that 90.2 percent (227.5 million somonis) of the damage has been reimbursed.

The most damage was reportedly caused by illegal money spending – 78.6 million somonis. 

Besides, agencies and organizations embezzled more than 42 million somonis, Accounts Chamber top manager added. 

According to him, the most common financial violations revealed in the agencies and organizations are  overpricing during repair and construction work and sale and lease of state-owned property, understatement or evasion of taxes, non-payment of dividends on state shares and some others.  

Disciplinary and administrative action was reportedly imposed upon officials and managers who were implicated in wrongdoing.

Tajikistan’s lower chamber (Majlisi Namoyandagon) of parliament passed the law on the establishment of the Accounts Chamber on June 1, 2011.  This government institution reportedly controls revenue and expenditure parts of the national budget, off-budget funds and investments coming in the country’s economy from abroad.  The Accounts Chamber was reportedly established to tighten control of finances as well as conduct audit and assess the national budget.  The Accounts Chamber is accountable to the President and the Parliament.  The Majlisi Namoyandagon elects chief auditors of the Chamber of Accounts upon the recommendation of the President; chief auditor may be elected to not more than two seven-year terms.