Report of Accounting Chamber in H1

The Accounting Chamber of Azerbaijan has published a report for the first half of 2015. In particular, the verification regarded procurement - this was covered by audit tendering procedures at a total value of 885 million manat.

Overall, from January to July, 34 comprehensive inspections were conducted, as well as 58 measures to control performance. In particular, the Board decided on the results of all the 34 checks. One of them was complex - the audit regarded both revenues and expenditures of the state budget, one - budget expenditures and funds received under the state guarantees for loans, 29 - the cost of the state budget, two - funds of the State Social Protection Fund (SSPF), and one - the budget of the State Oil Fund of Azerbaijan (SOFAZ).

In the first half of the year the Chamber verified the use of the State Social Protection Fund in the amount of 6.8 million manat and the SOFAZ budget for 2014. The volume of credit issued under the state guarantee amounted to 25.6 million manat. There were taken 107 decisions, 43 of which are connected with the decisions of control measures. At the same time the Accounting Chamber on the basis of checks sent orders to 50 structures of which 34% are local executive authorities.

The state budget of Azerbaijan was repaid 1 million 564.3 thousand manat and the recovered funds are linked to salaries, increase in the cost of construction works, etc. Checks ensured delivery of inventory and equipment for 1 million 309.1 thousand manat and provision of works and services for 352.5 thousand manat.

As a result of inspections in the first half of 2015 various disciplinary actions were arranged against 101 officials. --17D-