ON THE ISSUE OF THE EFFECTIVENESS OF THE USE OF BUDGETARY FUNDS TO REPLENISH THE AUTHORIZED CAPITAL OF QUASI-PUBLIC SECTOR ENTITIES (ON THE EXAMPLE OF THE CITY OF ASTANA)

Abstract

In any country, public investment is the most important mechanism of influence on socio-economic development. One of the ways of public investment is the formation and (or) increase in the authorized capital of legal entities at the expense of budgetary funds and assets of the state.

The article analyzes the main results of the expert-analytical event «Efficiency of using budget funds to replenish the authorized capital of subjects of the quasi-public sector of the city of Astana», conducted by the Audit Commission for the city of Astana, during which the information provided by the administrators of the budget programs of the city of Astana to the requests of the Audit Commission for the city of Astana was analyzed. The analysis was carried out for compliance of the activities of the administrators of the budget programs of the Akimat of the capital in the field of formation and (or) increase of the authorized capital of legal entities with the legislation of the Republic of Kazakhstan, as well as to achieve the indicators of results provided for in the financial and economic justifications for the period 2020, 2021 and the first half of 2022.

The study showed the existence of problems and shortcomings affecting the efficiency of using budget funds and state assets to replenish the authorized capital of the quasi-public sector entities of Astana. Based on the conducted research, recommendations are given to improve the activities of local executive bodies to replenish the authorized capital of quasi-public sector entities.