The Board of the Chamber of Accounts holds next meeting
The Board of the Chamber of Accounts of the Republic of Azerbaijan discussed and approved the Opinion of the Chamber of Accounts with regard to draft budget of State Oil Fund of the Republic of Azerbaijan for 2019.
According to the Opinion, Draft Decree of the President of the Republic of Azerbaijan on “budget of State Oil Fund of the Republic of Azerbaijan for 2019” presented to the Chamber of Accounts by State Oil Fund of the Republic of Azerbaijan was prepared to ensure goals and tasks set by the legislation ahead of State Oil Fund and in line with requirements of “Rules on the preparation and execution of the annual program of revenues and expenditures (budget) of the State Oil Fund of the Republic of Azerbaijan”, and meets the principle of pursuing single macroeconomic policy and generalization of state management sector revenues.
Draft Budget of State Oil Fund for 2019 as well as main directions (program) of use of funds of the Fund in 2019 and draft expenditure estimate on Fund Management in 2019 were considered acceptable and it was recommended to send relevant draft Decree on their approval to State Oil Fund for presenting to Supervisory Board of State Oil Fund of the Republic of Azerbaijan.
The Board also discussed the Reports on the following control activities on:
- Use and forecasting of receipts and expenditures related to Baku Slavic University;
- Use of funds allocated from the state budget to Environmental Protection Department
of the Ministry of Ecology and Natural Resources of Azerbaijan Republic and receipts and expenditures of State Environmental Protection Fund.
The Board discussed and approved its decision on each audit. To provide the execution of those decisions it was decided to send pronouncements to relevant state bodies and information on audit results to Milli Majlis of the Republic of Azerbaijan.