| 64 |
In law, is there an agency or equivalent mechanism overseeing state-owned companies? |
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64:
In law, is there an agency or equivalent mechanism overseeing state-owned companies?
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| Score: |
YES |
NO |
 |
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Comments: The state committee on management of state properties is responsible for control over state-owned entities.
References: The Decree of the President About Some Issues of Improvement of a Control System of Joint-stock Companies with the State Share Holding and the State Enterprises on April 27, 2006, N 188
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| 65 |
Is the agency or equivalent mechanism overseeing state-owned companies effective? |
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65a:
In law, the agency or equivalent mechanism overseeing state-owned companies is protected from political interference.
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| Score: |
YES |
NO |
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Comments: The state committee on state property is a ministry in the government.
References: The Decree of the President About Some Issues of Improvement of a Control System of Joint-stock Companies with the State Share Holding and the State Enterprises on April 27, 2006, N 188
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65b:
In practice, the agency or equivalent mechanism overseeing state-owned companies has a professional, full-time staff.
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| Score: |
100 |
75 |
50 |
25 |
0 |
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Comments: The committee has a regular ministerial staff which is not sufficient to control all state-owned companies. Usually, the officials of the committee only participate in annual meetings of boards of directors of the companies.
References: The Report on Functional Review of the State Committee on Management of State Property of the Kyrgyz Republic, UNDP/DFID Joint Project, 2004, Bishkek
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65c:
In practice, the agency or equivalent mechanism overseeing state-owned companies receives regular funding.
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| Score: |
100 |
75 |
50 |
25 |
0 |
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Comments: The committee receives regular funding from the government.
References: Midterm Budget Framework of the Kyrgyz Republic for 2007-2010, www.minfin.kg
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65d:
In practice, when necessary, the agency or equivalent mechanism overseeing state-owned companies independently initiates investigations.
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| Score: |
100 |
75 |
50 |
25 |
0 |
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Comments: The committee does not investigate obvious corruption in state-owned companies such as the biggest national electricity company, National Electric Network whose property usually is sold for peanuts. For example, a hotel owned by the company was sold at the price of a studio to family members of the company's top managers.
References: Moya Stolitsa-novosti Newspaper, Omurbek Beshimov, Excessive Burden, May 18, 2007, www.msn.kg
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65e:
In practice, when necessary, the agency or equivalent mechanism overseeing state-owned companies imposes penalties on offenders.
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| Score: |
100 |
75 |
50 |
25 |
0 |
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Comments: Recently, the committee started to exchange information with law enforcement agencies on possible investors. In the past, a lot of state property was sold to unknown companies.
References: Moya stolitsa - novosti, Yuri Gruzdov, Got Reach and Starting Constructions, July 20, 2007, www.msn.kg
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| 66 |
Can citizens access the financial records of state-owned companies? |
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66a:
In law, citizens can access the financial records of state-owned companies.
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| Score: |
YES |
NO |
|
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Comments: State-owned companies, except for joint-stock ones, are not open to the public. They are responsible to the government.
References: The Decree of the President About Some Issues of Improvement of a Control System of Joint-stock Companies with the State Share Holding and the State Enterprises on April 27, 2006, N 188
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66b:
In practice, the financial records of state-owned companies are regularly updated.
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| Score: |
100 |
75 |
50 |
25 |
0 |
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Comments: As is stated in the assessment of international finance experts: "Any tracking of expenditure at the lowest level would be difficult and time consuming. As the recording system is manual there are inherent problems with accuracy and timeliness."
References: Kyrgyz Republic: PEFA, Public Financial Management Assessment, Final Report, Jan. 18, 2006
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66c:
In practice, the financial records of state-owned companies are audited according to international accounting standards.
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| Score: |
100 |
75 |
50 |
25 |
0 |
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Comments: State-owned companies should be audited by the Chamber of Accounts. In respect to transaction auditing, no standards are specified. The chamber is now introducing international standards. Staffing levels and skills of the state auditors are still based on the chamber's previous structure.
References: Kyrgyz Republic: PEFA PFM Assessment, Final Report, Jan. 18, 2006, www.worldbank.org
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66d:
In practice, citizens can access the financial records of state-owned companies within a reasonable time period.
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| Score: |
100 |
75 |
50 |
25 |
0 |
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Comments: Financial records of state-owned companies are not available as separate information. They can be indirectly reflected in reports on budget execution. During the year, reports on budget execution are generated on a regular and timely basis. The reports are not comprehensive and are not compatible with budget estimates.
References: Kyrgyz Republic: PEFA PFM Assessment, Final Report, Jan. 18, 2006, www.worldbank.org
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66e:
In practice, citizens can access the financial records of state-owned companies at a reasonable cost.
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| Score: |
100 |
75 |
50 |
25 |
0 |
|
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Comments: Reports are not available to most citizens.
References: Kyrgyz Republic: PEFA PFM Assessment, Final Report, Jan. 18, 2006, www.worldbank.org
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