DUSHANBE, July 31, 2015, Asia-Plus — Financial loss revealed by the Accounts Chamber during the first half of this year has been estimated at 85 million somoni (TJS), which is 71 million somoni more than in the same period last year, the Accounts Chamber head Dilmurod Davlatzoda announced at a news conference in Dushanbe on July 3.
“Besides, according to findings by the Accounts Chamber, untargeted use of state funds has cost the country more than 86.6 million somoni over the report period and inefficient use of funds has cost the country 8.2 million somoni,” Davlatzoda said.
He noted that that 21.8 percent (18.4 million somoni) of the financial loss has been reimbursed.
We will recall that 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 into 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.
