Kazakhstan misused National Fund for street improvements, audit finds
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Kazakhstan's National Fund was misused for street beautification projects, according to a state audit. The audit found that funds intended for stabilization and long-term savings were diverted to local infrastructure.
Audit Findings
The state audit body revealed that the National Fund's resources were allocated to street improvement projects in several regions. The report, published by Kapital.kz, did not specify the total amount diverted but noted the practice violated the fund's legal purpose. The fund is constitutionally mandated to ensure economic stability and savings for future generations.
Legal Violations
Auditors identified that local authorities used the funds without proper authorization. The misuse occurred over multiple years, with money spent on landscaping, lighting, and pavement repairs. The audit recommended disciplinary measures against responsible officials and tighter controls on fund disbursement.
What's Next
The government is expected to respond to the audit within 30 days. It remains unclear whether criminal charges will be filed or if the diverted funds will be recovered.
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Kazakhstan misused National Fund for street improvements, audit finds
