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08.05.2026

Issues of strengthening public financial control were discussed at the Ministry of Investments, Industry and Trade

At the initiative of the Accounts Chamber of the Republic of Uzbekistan, a training seminar was organized at the Ministry of Investments, Industry and Trade aimed at further improving the system of state audit and financial control.

The event was held within the framework of the implementation of Presidential Decree No. PF-252, with particular emphasis placed on transitioning to a new approach to control based on the principle of “prevention rather than detection.” This approach focuses on the early identification and prevention of the causes of financial violations rather than addressing their consequences.


The seminar was attended by the Deputy Minister, as well as more than 25 responsible managers and specialists from 5 organizations within the system, including heads of financial departments, chief accountants, and representatives of public procurement, compliance, and internal audit services.


During the seminar, the representative of the Accounts Chamber at the ministry, N. Sagindikov, provided explanations on the agenda items, including the essence of the Presidential decree, early identification of financial risks, ensuring efficient and targeted use of budget funds, and reducing corruption risks in public procurement.


It was noted that starting from April 1, 2026, the institution of the Accounts Chamber representative — Chief Inspector — has been introduced in government bodies, contributing to strengthening financial control and improving its effectiveness.


For reference, in accordance with the Law of the Republic of Uzbekistan “On the State Budget of the Republic of Uzbekistan for 2026,” the total budget allocated to the Ministry of Investments, Industry and Trade amounts to 1,621.6 billion soums. Of this, 106.0 billion soums (6.5%) are allocated to the central office of the ministry, 5.4 billion soums (0.3%) to the Agency for Foreign Investments, 25.9 billion soums (1.6%) to representative offices, 5.3 billion soums (0.3%) to membership fees and shares in international organizations, 23.1 billion soums (1.4%) to expenses of foreign delegations, 450.0 billion soums (27.8%) to the Trade Promotion Fund, and 1,005.9 billion soums (62.1%) to other areas.


Additionally, the seminar addressed the introduction of the chief inspector institution, digital control, and continuous monitoring mechanisms.


It was emphasized that these mechanisms ensure effective control over the expenditure of each budget fund, enhance transparency, and improve the targeted use of state resources.


At the conclusion of the event, participants were assigned specific tasks aimed at strengthening financial discipline, preventing violations, and further improving the effectiveness of control.

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