The Commission for Monitoring the Expenditure of Funds Allocated from the National Fund has resumed its activities in Kazakhstan. According to the press service of the Supreme Audit Chamber, initially, since its establishment in 2014, the commission operated under the aegis of the National Bank of the Republic of Kazakhstan, and since 2020, the Supreme Audit Chamber has become its working body. .
The Supreme Audit Chamber reports that the commission's activities are being renewed in an updated format and with a new composition. After a lengthy hiatus, an in-person meeting of the commission took place on February 21 at the Supreme Audit Chamber, during which the head of the commission, Alikhan Smailov, noted that the approaches to monitoring the legality and effectiveness of National Fund expenditures will be updated.
— We need to restart the commission's work. It is essential to qualitatively consolidate interdepartmental competencies and clearly define the areas of responsibility for overseeing the effective and targeted use of National Fund resources, — said Alikhan Smailov.
He added that public attention to the rational use of fund resources is increasing. This is also related to the launch of the presidential program "National Fund - for Children."
— Transfers from the National Fund must ensure economic returns. These funds cannot be spent on insignificant purposes. This task has been set by the head of state, — emphasized the chairman of the Supreme Audit Chamber.
According to him, the tasks for the upcoming period will include:
- conducting an audit of the funds allocated from the National Fund to support the economy under preferential conditions;
- forming proposals for reallocating National Fund resources to more priority areas or their return.
The Commission for Monitoring the Expenditure of Funds Allocated from the National Fund of the Republic of Kazakhstan serves as an advisory and consultative body. It was established by the presidential decree in 2014.