Ministry of Finance: New draft law on improving sphere of public procurement is based on principles of responsibility and unification of rules
Astana. 20 June. Kazakhstan Today - Minister of Finance of the Republic of Kazakhstan Bakhyt Sultanov during the press conference on the results of the Government meeting reported on the main principles of the bill being developed to improve the sphere of public procurement.
The main principles of the new bill on improving the sphere of public procurement are the creation of uniform rules for all subjects of the quasi-public sector and increasing the responsibility of the participants in procurement. According to B. Sultanov, a single approach will facilitate the terms of participation in procurement of the state and quasi-public sectors for entrepreneurs. At the same time, it is planned to unite all the information systems that exist today in the public procurement system.
"Today, unfortunately, there is no responsibility at us for purchases in quasi-public sector in the legislation. Therefore, the amendments to the Administrative Code of the Republic of Kazakhstan and anti-corruption legislation provide liability for violation of the procurement rules of the quasi-public sector," B. Sultanov noted.
The bill also provides for the control of the quasi-public sector by the Internal Audit Committee of the Ministry of Finance. As the Minister of Finance stressed, this measure was adopted in order to coordinate the corporate governance system in the quasi-public sector and develop uniform procurement rules.
Source: The Prime Minister of Kazakhstan Official website
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Annual inflation in February and March continued to decrease, albeit at a slower pace. Inflation expectations have slightly decreased but remain at a relatively high level. The external inflation background continues to be neutral with the ongoing trend of declining grain prices in global markets. Within the domestic economy, inflationary pressure persists due to robust internal demand and unanchored inflation expectations," reads the bank’s official statement.
In the current circumstances, there is still limited room for easing monetary policy. This space will begin to form with the stable reduction of the stable part of inflation," it said.
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